Cameron pledges £25m to fund 10,000 new apprenticeships…
The Prime Minister has pledged £25million to create 10,000 apprenticeships, as fears grow that more will have to be done to kick-start the economy.
Mr Cameron yesterday admitted families are suffering ‘difficult times’ as he announced the effort to help young people get better quality training.
Ministers are expecting grim growth figures on Tuesday, which are predicted to show the economy slowing again.
When Mr Cameron returns from his summer holiday, he will attempt to show that he is doing more to boost growth.
The money announced yesterday will increase the number of apprenticeships in hi-tech industries such as advanced manufacturing, information technology and engineering.
Small and medium-sized companies will be able to bid for the money to hire apprentices.
Candidates will get a basic qualification and then continue to train until they have a higher level apprenticeship that is the equivalent of a degree.
Mr Cameron made the announcement as he visited the Jaguar Land Rover plant in the West Midlands.
He said: ‘I am determined that this Government should be the most pro-business there has been, with one purpose and one goal – creating jobs and growth.
‘It is therefore crucial that we build up the skills in this country that our businesses need and that will fuel long-term growth.
‘That is why, despite some difficult decisions on spending, we are increasing the number of apprenticeships to record levels.
‘We are investing in apprenticeships because we know they work.
‘They are good for people who want to get ahead, good for business and good for the country.’