When done properly, apprenticeships can deliver a significant boost to the economy by plugging the gap in technical skills, while also providing high-quality vocational training for those who do not pursue an academic path. The government set out a target of 3 million apprenticeship starts by the end of the decade – but, for this to have the desired impact, quality and value needs to be maintained.
In this report, the Social Market Foundation assesses the factors that affect the value of apprenticeships, including sectors, apprenticeship starter age, and the risks of poor-quality training. The report puts forward for major steps to drive high-quality apprenticeships: Apprenticeship Value Premiums; Apprenticeship Excellence Ratings; managing the risks of automation; and developing a simple labelling system.
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