This week is National Apprenticeship Week, a week in which to appreciate the benefits apprenticeships can bring to employers and apprentices alike.
The Government is committed to achieving three million high quality apprenticeship starts by 2020, increasing opportunities for young people and helping to abolish long-term youth unemployment. There were 19,800 starts on Higher Apprenticeships in 2014/15, an increase of 115% on the previous year.
Apprenticeships enable people to accelerate their careers with higher apprentices earning, on average, £150,000 more over their lifetime compared to those with level 3 vocational qualifications. They also enable apprentices to develop the character, knowledge and confidence to realise their potential.
The Government are making progress towards this 2020 goal through raising apprenticeship standards, putting the funding of apprenticeships on a sustainable long-term footing, reforming the governance aspect of schemes and by ensuring the public sector play a leading role in high quality apprenticeships.
Tags: Apprenticeships, Business, Education