Dudley MP Ian Austin is calling for more businesses to take on an apprentice, after new research revealed the extent of the benefits involved.
New figures from accounting firm AAT show that local companies benefit by £2,207 each time they hire an apprentice. The benefits kick in from the start of an apprentice’s training, and take account of the typical wage and training costs for an apprentice in the West Midlands.
Last year, 940 young people and adult learners started an apprenticeship in Dudley North, helping local businesses by a total of £2.1m.
Surveys show that 60 percent of small businesses are currently missing out because they don’t know enough about how apprenticeships work. Many assume that they are difficult to administer and will involve a short-term cost.
Austin is calling for local firms to get in touch with the National Apprenticeship Service and start benefiting from apprentice working in areas ranging from industry to accounting.
Ian Austin MP said:
“I’ve always said education and skills need to be our number one priority.
“These figures just to go to show how apprenticeships benefit local employers and well as young people looking for a career.
“I want as many local firms as possible to take on apprentices, creating the skills we need to attract new industries and new jobs in the future.”