Today marks the end of National Apprenticeship Week 2014, which aims to demonstrate how apprenticeships are great for businesses, personal careers and creating opportunities for both employers and apprentices.
According to new research, small businesses are planning to create thousands of new apprenticeships in the next year. 600 British businesses were surveyed as part of the study which found that one in five SMEs (20%) plan to take on one or more apprentices in the next 12 months. Additionally, 29% of the SMEs that plan to take on apprentices say this is because they are a core part of their growth strategy.
Secretary of State for Business, Innovation and Skills, Vince Cable, said: “As we kick off National Apprenticeship Week it’s good to see that employers are increasingly recognising the value apprentices can bring to their businesses. Apprentices are now a key and valued part of the workforce for most businesses large or small — and the huge increase which this Government has overseen is one of my proudest achievements.
“Given the grants available to help small businesses take on apprentices, it’s especially good that so many SMEs are embracing apprenticeships in the coming years and that apprentice recruitment now forms a key part of a businesses’ plans for sustainable growth.”