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Firms urged to take up apprenticeship funding

The National Skills Academy for Financial Services has urged financial services employers to take advantage of an additional £250m in apprenticeship funding announced by the Government.

In the comprehensive spending review last week Chancellor George Osborne pledged to double the number of apprenticeships for over-19s.

He also announced that the Government would provide an additional £250m investment to create 75,000 more apprenticeships a year for adults in the workplace by 2014/2015.

Chief executive Sylvia Perrins says: “It is very pleasing to see the Government recognising the important benefits of apprenticeships for adults who are already in the workplace.

“However, the industry is at risk of missing out unless it is vocal about staking its claim on this funded training route. As a demand-led funding system, companies need to come forward if they are to have a hope of benefiting from this boost.”

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