It is encouraging during National Apprenticeship Week to see the results of a new study among small and medium-sized enterprises (SMEs) concerning their apprenticeship plans. According to the research, 20% of SMEs intend to take on at least one apprentice in the 12 months ahead, while 39% plan to make apprenticeships part of their strategy within five years, Real Business reports.
Conducted by the Institute of Commercial Management, the poll also revealed that 29% of SMEs see apprentice take-up as part of their core growth strategy. In a sign that apprenticeships are becoming more popular, nearly 50% of SMEs said they were now more likely to create apprenticeship positions than two years ago. Moreover, 33% stated that they were ready to take on apprentices because employing them had become easier.
Commenting on the research results, Business Secretary Vince Cable said it was great to see the value of apprenticeships being increasingly recognised by employers. Businesses of all sizes have come to regard apprentices as very important and valued members of their staff.
Cable went on to add that he was immensely proud of the work the current government had done in promoting apprenticeships and the resulting surge in apprentice employment. A key part of the government’s strategy is support for SMEs so it is particularly good to see that the grants made available are spurring apprenticeships in this sector. Apprentice recruitment has now come to be considered a vital element of sustainable growth strategies, Cable concluded.