Apprentices Contribute £34bn to UK Economy
- Last updated 03 Dec 2014
New research has found that apprentices will contribute a whopping £34 billion (yes, you read that right) to the UK economy in 2014.

The figure is made up gains from higher wages, business profits and taxes, reduction in unemployment benefits and the benefits to organisations while training apprentices.
Some clever geezer who’s good at maths has worked out that for every £1 of public money spent on apprentices, they give £21 back to the economy.
The number of people starting an apprenticeship stood at 450,000 in 2013-14, and if the upward trend continues, apprentices could contribute over £100bn to the economy by 2050.
The research also found that apprentices are in employment for longer, and will receive higher earnings.
Minister of State for Skills Nick Boles said, “apprenticeships are at the heart of the Government’s drive to equip people with the skills that employers need to grow and compete.”
News
- The top 10 cities for a pay rise right now
- Most UK employees work over six unpaid hours a week
- We need more Degree Apprenticeships, says education charity boss
- Young people are getting more political
- London students eat six takeaways a week
- Theresa May expands Department for Education to include apprenticeships
- Apprenticeships could save young people from a life of crime, says London youth worker
- Business volunteers to support half of all schools & colleges as Enterprise Advisers
- Government publishes its five-year apprenticeships plan
- 'Inadequate' school careers guidance is failing young people & should be punished by Ofsted, says new report