The Cornwall College Group (TCCG) has welcomed the Government’s announcement of extra funding for companies that take on apprentices.
Speaking to MPs in the House of Commons to outline his plans for a post-coronavirus economic recovery, chancellor Rishi Sunak announced that incentive grants for apprenticeships would increase from £1.5k to £3k – and a £126 million additional investment would be put into traineeships.
This comes on top of other grants that are available meaning firms who take on new apprentices can receive up to £4k in total.
Lorna Martin, head of apprenticeships and external engagement at TCCG said the announcement was “excellent news” for both employers and those looking to take on the further education option.
She commented: “Apprenticeships are a fantastic career-boosting move for so many people, so I am delighted the Government have recognised this with these incentives.
“Work-based learning can be a valuable route for anyone, regardless of age, so I would strongly recommend you have a look at the huge range of options.”
The Chancellor said that more than 40,000 young people in England would benefit from the additional £126 million investment into traineeships, while the apprenticeship scheme would help people of all ages and backgrounds reskill for “levelling up” Britain’s economy.