Official data reveals slow uptake of adult apprenticeship loans

New data published by the Department for Business, Innovation and Skills has revealed that only 404 people have applied for adult apprenticeship loans since September 2013.

The official target is for 25,000 people to borrow money to take part in apprenticeships throughout 2013/14. This has been the first year that over-24s have had to pay for their training, which is deterring potential apprentices, says NIACE.

The charity’s chief executive David Hughes said: “We have continually voiced our concerns about the impact loans for apprenticeships would have. However as today’s figures show, that impact has been even more severe than anyone first feared.”

A spokeswoman for the Department of Business, Innovation and Skills said: “Application numbers indicate that employers and learners are not engaging with loans in apprenticeships. We are keeping a close watch on the data and the implications for the apprenticeship programme.”