Skills for sustainable growth
26-Nov-2010
The government has published its plans for boosting skill levels in the workplace.
The measures were set out by the business secretary Vince Cable in a speech to a confrence of future education colleges held in Birminham
The government said it intends to increase the numbers of adult apprenticeships, so that by 2014-2015 there will be 75,000 more adults starting than under the pervious government's plans
There will be fully funded training for young adults aged from 19 upto 24 undertaking their first full level 2 (GCSE equivalent) or first level 3 (A level equivalent) qualification.
As from 2013, people aged 24 and over undergoing a level 3 or level 4 qualifications will need to take out a government loan if they are unable to afford upfront costs. They will not have to make a contribution to the costs until they are earning a decent enough wage.
SME's will only have to pay half the cost of level 2 courses for employees aged 24 or over; the government will pick up the rest of the tab, large companies, however, will be requires to foot the whole bill
Apprenticeships for those aged 24 or over will continue to be co-funded by the government
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