New apprentices give a £1.3m annual boost to businesses in Cheadle constituency

March 4, 2014 5:46 PM

Local MP, Mark Hunter, is using National Apprenticeship Week (3 - 7 March) to call for more local businesses to take on apprentices, after new research revealed the extent of the benefits involved.

In addition to creating new job opportunities, every time a local company hires an apprentice, they get an average boost of £1,941. This happens immediately, while the apprentice is being trained, and represents the benefit after typical wage and training costs for the North West are deducted. National Apprenticeships Service

Last year, 690 people started an apprenticeship in Cheadle constituency and almost 2,200 have been started since 2010. This means that new apprentices alone provided a local boost of around £1,339,000 in 2012/13.

The number of apprentices has been increasing rapidly but surveys show that 60% of small businesses are missing out because they don't know enough about how apprenticeships work. Many assume that they are difficult to administer and will involve a short-term cost.

Stockport Council has launched its 50:50 Apprenticeship Scheme, the scheme offers 50 grants to employers who take on a 16-18 year old Stockport resident who is unemployed or not currently in education or training.

Commenting, Mark Hunter MP said:

"Earlier this year I wrote to many companies in our area to highlight the benefits of taking on an apprentice - if they don't have one already, every local business in Cheadle constituency should consider employing an apprentice.

"By giving young people a chance, they will also be helping themselves. The benefit here of £1.3m has made a real difference to the local economy, and that's just from apprentices who began last year.

"Stockport Council has done a lot of great work encouraging apprenticeships by setting up the Apprentice Store and by introducing this new scheme. There really has been no better time for businesses to consider offering an apprenticeship."

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