By Maximilian Clarke

Yet another initiative to get more young people into apprenticeships in order to cultivate the skills needed for sustainable growth, business Secretary Vince Cable announced today.

£18.7m from the Higher Apprenticeship Fund will support the development of 19,000 new Higher Apprenticeships in sectors including construction, advanced engineering, insurance and financial services. Around 250 employers, including Leyland Trucks, Unilever, TNT, and Burberry will benefit from world class, nationally accredited technical training delivered in the workplace.

“By radically expanding the number of degree level apprenticeships for young people, we will put practical learning on a level footing with academic study,” said Cable. “This is an essential step that will help rebalance our economy and build a society in which opportunity and reward are fairly and productively distributed.”

Skills Minister John Hayes added: “By reviving apprenticeships the Government has started to build a world class skills system to rival our country’s great reputation for academic excellence. We’ve driven up quality across the board, more than doubled the number of new advanced apprenticeships, created new routes into higher levels of practical learning and given employers more control of how the training budget is spent. We’re now targeting resources even more closely on the skills, firms and sectors that will lead economic recovery."

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