A levy on large businesses to help fund apprenticeship growth has been announced by Chancellor George Osborne. Osborne said the new levy would still mean businesses offering apprenticeship schemes “get more back than they put in” and that it will co-exist with a commitment from the Chancellor to create three million new apprenticeships. Keith Lewis, Chief Operating Officer, Matchtech Group Plc states: “The news of the apprenticeship levy on large UK firms will be welcomed by many engineers who recognise apprenticeships are vital to plugging the skills gap in industry. Our latest Confidence Index* surveyed over 3,500 British engineers and 41% said they want greater investment in STEM (science, technology, engineering, and mathematics) apprenticeship schemes to drive growth and recruitment in the engineering sector and secure its future as a global centre of engineering excellence. A levy to incentivise businesses to train apprentices should provide a much needed boost to the number of placements being offered and ensure that the industry is sharing the responsibility of training the engineering workforce. A co-ordinated approach to the development of skills is vital to reducing the skills gap.” To read the full 2015 Summer Budget announced by Chancellor George Osborne this week, click here.

A levy on large businesses to help fund apprenticeship growth has been announced by Chancellor George Osborne.

Osborne said the new levy would still mean businesses offering apprenticeship schemes “get more back than they put in” and that it will co-exist with a commitment from the Chancellor to create three million new apprenticeships.

Keith Lewis, Chief Operating Officer, Matchtech Group Plc states: “The news of the apprenticeship levy on large UK firms will be welcomed by many engineers who recognise apprenticeships are vital to plugging the skills gap in industry. Our latest Confidence Index* surveyed over 3,500 British engineers and 41% said they want greater investment in STEM (science, technology, engineering, and mathematics) apprenticeship schemes to drive growth and recruitment in the engineering sector and secure its future as a global centre of engineering excellence. A levy to incentivise businesses to train apprentices should provide a much needed boost to the number of placements being offered and ensure that the industry is sharing the responsibility of training the engineering workforce. A co-ordinated approach to the development of skills is vital to reducing the skills gap.”

To read the full 2015 Summer Budget  announced by Chancellor George Osborne this week, click here.

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