Barclays survey shows small businesses missing out on apprenticeships

Barclays commissioned the employer survey

Barclays commissioned the employer survey

New research from the Barclays Corporate Banking’s Job Creation Survey has revealed that small businesses with a turnover of less than GBP5m are falling behind larger businesses when it comes to recruiting apprentices.

The report found an increase in the overall number of businesses likely to take on apprentices in 2013, but noted that only 19% of small businesses have plans in place. Additionally, only 12% of small firms will hire more apprentices, compared to 19% of larger firms.

Previous research from Barclays found that time taken to set up apprenticeships, support they might need and red tape were all cited by employers as potential barriers to hiring apprentices.

Ashok Vaswani, Chief Executive of Barclays Retail and Business Banking, said: “It’s encouraging to see that many companies, like Barclays, are planning to take on more apprentices in 2013, but with small business accounting for around half of the UK’s GDP it is really important that they do not miss out on the benefits that apprentices bring to organisations of all sizes.

“The success of our own programme has encouraged us to double the number of apprentices we take on to 2,000, and to launch a new programme aimed at helping other businesses to reap the same rewards. Barclays Bridges into Work aims to help 10,000 young people into work by providing businesses with the advice and support they need to establish apprenticeships and recruit work-ready candidates.”