Commenting on the Chancellor’s announcement to invest £180 million for up to 50,000 additional apprenticeship places over the next four years, Sylvia Perrins, CEO of the National Skills Academy for Financial Services, said:

“We really welcome the Government’s support for apprenticeships. We believe that apprenticeships are an integral way for UK businesses to grow talent and build professionalism and we are very happy that the government has shown once again support for the scheme.

“However, the success of the scheme will depend on employers, who must stand up and create demand to generate new places by opening up opportunities for apprenticeships within their workplaces.”

“We are in constant touch with employers in the financial services industry to explain how apprenticeships can benefit their businesses. More employers are seeing that they can be a great way of developing emerging and existing talent within their businesses. We just need more employers to get behind the momentum, particularly at a time when there is concern about skills gaps and the role that this will play in UK growth going forward.”