UK Government Announces £725m Apprenticeship Overhaul to Boost Youth Employment
The UK Government has announced a significant £725 million overhaul of the apprenticeship system, aiming to create 50,000 new placements over the next three years. This initiative is designed to benefit sectors such as retail and hospitality by introducing new foundation apprenticeships. The reforms will cover the full cost of apprenticeship training for eligible under-25s at small and medium-sized enterprises (SMEs), eliminating the 5% co-investment contribution that has previously been a barrier for smaller retailers. Additionally, a £140 million pilot program will empower metro mayors to match young people, particularly those not in education, employment, or training, with local apprenticeship opportunities. The goal is to align training with regional labor needs, addressing recruitment challenges in various sectors. 
