Apprenticeships are contributing an increasing amount to the economy, according to new official statistics which suggest the number of starts may be gradually increasing.
The first Further Education (FE) Skills Index released by the government showed the value added to the economy from apprenticeships has been increasing year-on-year, rising 10 per cent between 2012/13 and 2016/17.
The data reports a notable spike in 2017/18, following an increase in the number of higher-level and advanced apprenticeships being introduced by businesses after the introduction of the apprenticeship levy.
Apprenticeships accounted for 58 per cent of the total added value in the FE sector in 2017/18, compared to 36 per cent in 2012/2013.
The latest round of provisional start data for apprenticeships compiled in February 2019 reported 25,300 new apprenticeship starts, up 16 per cent on the previous year. This indicates an increase in apprenticeship take-up, despite starts remaining 18 per cent lower than the 2016/17 reporting period before the levy was introduced.
In total, there were 256,300 apprenticeships starts between August 2018 and February 2019, up from 232,700 over the same period in 2017/18 but still lower than before the levy was introduced.
Find out more about current apprenticeship statistics herePosted in Uncategorized 02/05/2019