What comes to mind when someone says the word “apprenticeships”?
Do you think of a 16 year old starting a job in a trade? Perhaps a mechanic, or a plumber?
Interestingly, this still seems to be the most common thought, even though the modern apprenticeship is quite far removed from all the traditional stereotypes.
In fact, apprenticeships in the 2020s are on the rise, and they’re now preferred by many as an alternative to traditional university degrees. They’re also a fantastic way to retrain your staff, and are being adopted by many people over the age of 25.
To help hammer home this point, we delved into the latest report on apprenticeship statistics from the UK government, to bring you some of the most fascinating apprenticeship facts.
47% of Apprenticeships Started Were By People Over 24
You can start an apprenticeship whether you’re 16 or 60, there’s no age limit. In fact, many employers are seeing the benefits of using apprenticeships to train staff who are already established in their career path. Employers can use apprenticeships for example to teach an existing employee a new skill. They can also be used to advance skills, so for example someone who already has a Level 3 under their belt, could go on to study a Level 4 qualification.
Many people believe the apprenticeship qualifications offered are only valuable to school leavers, because they are generally the equivalent of a Level 2 or 3 – but this is false. Sure, you can study a level 2 or 3, but apprenticeships actually cover up to a level 5, or the equivalent of a higher education degree. Hence:
26% of all Apprenticeships Are Started at the Higher Level (Equivalent of a Foundation Degree or Above)
This fact just goes to show that more people are considering apprenticeships when it comes to achieving a higher education goal. In some cases, these apprentices will be college leavers looking to ‘earn as they learn’ and subsequently avoid mounting study fees.
The remainder are likely to be those already in work, looking to cement their skills and obtain qualifications that prove their abilities. These higher apprenticeships are also a great way of justifying career progression in the workplace, reassuring employers that in promoting an employee, they have all the necessary skills for their new role.
Most Apprenticeships are Funded 95% By the Government
There’s another common misconception that apprenticeships are going to cost employers a lot of money, but this simply isn’t true. In fact most apprenticeships will have 95% of their fees funded by the government, and in Wales, the course could be funded in full.
This is on top of the fact that right now the Apprenticeship Incentives Scheme means that employers can claim up to £4,000 in grants per apprentice they take on.
With 95% funding, most courses at NTG will cost around £150 – £300, but when you can claim £3,000 – £4,000 in grants, well, you do the math!
Apprenticeships are in high demand right now, by both employers and learners. Don’t be left behind. If you’re interested in seeking out an approved apprenticeship training provider, look no further than NTG Training.