Posted by Stephanie Chapman
Some of the UK's leading high street banks have announced that they will create new apprenticeship teams to help get young people in employment.The declaration was made at a financial services sector roundtable as part of National Apprenticeship Week.
Barclays, HSBC and Santander will each launch their own training schemes, offering a total of 2050 apprenticeship opportunities.
Skills minister John Hayes commented: "I am delighted that these banks are investing in apprenticeships which will help them secure the high-quality skills they need to create economic growth and provide new pathways to excellence for the brightest and best young people."
This week the government has also pledged to make apprenticeships a "gold standard" for ambitious youngsters, with a £6 million Higher Apprenticeship Fund, £250 million business support pot, and a £1,500 apprenticeship incentive for small firms.
It is hoped that the push to increase apprenticeships in the UK will simultaneously reduce unemployment, promote key skills and kick-start the economy.
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