The biggest names in the corporate world have long relied on apprenticeships, with most top engineering and manufacturing companies running apprenticeship programmes. Rolls-Royce, BAE Systems, BMW, British Airways, Network Rail – these are just a few examples of corporate heavyweights swearing by apprenticeships. The message has reached the small and medium-sized enterprise (SME) sector but more of its representatives should embrace apprenticeships, making the most of government incentives to nurture talent and drive growth, according to Gary David Smith.
In an article for the Training Journal, the IT entrepreneur points out that this is a great time for SMEs to recruit apprentices. In the latest sign of its commitment to the apprenticeship cause, the government recently announced an extra support package: the Apprenticeship Grant for Employers (AGE) scheme will receive a further £170 million and another £20 million will be allocated for support of degree-level and post-graduate apprenticeships. This funding, specifically targeted at the SME sector, is expected to help create 100,000 new apprenticeships. The AGE scheme contributed to the creation of 49,300 new apprenticeships between February 2012 and October 2013, with another 15,800 in the planning stage.
According to Smith, the government’s financial incentives are more than welcome but it is also crucial to deliver properly designed apprenticeships. This means that skills training programmes must aim for “the right balance between learning and doing,” as Smith puts it. He also believes that the government should expand the AGE scheme in a way that makes it possible for SMEs to engage with young people while they are still in full-time education.