Autumn Statement outlines funding plans for apprenticeships

The Autumn Statement is out, but what does this mean for employment and growth? The key points are as follows:

  • Job seekers aged 18-21 without basic maths or English to be required to undertake training in these skills or lose benefits.
  • Job centres will be given funding to support 16 and 17 year olds in finding apprenticeship or traineeship.
  • HMRC will fund employers directly for apprenticeships with an extra 20,000 higher apprenticeships over next two years.
  • An additional 30,000 student places will be offered next year, with the cap on student numbers abolished in 2015.

Check out the infographic below which outlines how the statement aims to equip all young people to compete in the global economy.