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REC welcomes increased funding for Apprenticeships

REC welcomes increased funding for Apprenticeships

The Recruitment and Employment Confederation (REC) has today welcomed the announcement of a &pound25 million fund to support & lsquo;higher’ apprentices but warning however that more must be done to curb drop out rates currently running at 25 per cent. 

The Higher Apprenticeships Fund will support the expansion of apprenticeships up to degree equivalent in companies, particularly SMEs, where there is unmet demand for the higher level skills that are necessary to create additional jobs and growth.

Commenting, Ed McRandal, Policy Advisor at the REC said 

“This is welcome news to tackle the problems of youth unemployment we need to promote apprenticeships as a pathway into the world of work.  However whilst this announcement is welcome, &pound25million is unlikely to scratch the surface of the UK’s worryingly high youth unemployment problem.

“The Government must rise to the challenge of ensuring that those who start an apprenticeship finish it, and secure longer-term employment once they have built up the skills for their future careers. It is worrying that of those who start an apprenticeship, some 25 percent do not complete their training. 

“To promote and retain apprentices, the Government must work with industry to ensure that employers understand the benefits of bringing young people into their businesses. In particular the Government should look at introducing a national insurance holiday for firms who hire young people.

“The REC has long taken an interest in this agenda, and convened the Youth Employment Taskforce last year to make recommendations on addressing the youth unemployment problem through cooperation between businesses, education providers, and Government.”

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