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Apprenticeships offer poor value for money, says IFS

Hattie / 31st Jan, 2017 / News

The IFS, Institute for Fiscal Studies, has said that the target of three million apprenticeships and new funding system is poor value for money.

In April 2017, the Government is introducing the Apprenticeship Levy, a 0.05% tax on employers with a payroll of over £3M.

They also expect to have three million apprentices in training or employment by 2020.

However the IFS have released a report expressing their concerns that the large target would offer poor value for money.

 

Neil Amin-Smith, one of the authors of the report, said: “We desperately need an effective system for supporting training of young people in the UK. But the new apprenticeship levy, and associated targets, risk repeating the mistakes of recent decades by encouraging employers and training providers to relabel current activity and seek subsidy rather than seek the best training. There is a risk that the focus on targets will distort policy and lead to the inefficient use of public money.”

You can read the full report here.


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