Labour has pledged to address youth unemployment and create pathways to meaningful employment; what does this mean for apprenticeships?
As the Labour party prepares to take the reins of power in the UK in 2024, there is a palpable sense of optimism and anticipation, particularly in the realm of apprenticeships. With a strong commitment to addressing youth unemployment and creating pathways to meaningful employment, a Labour-led government promises to drive significant advancements in the field of apprenticeships, benefiting the future workforce and bolstering businesses that seek to employ and nurture young talent.
The drastic decline in apprenticeship numbers is a pressing issue that demands immediate attention. Labour plans to tackle the rising unemployment among the 18-21 age group. Their strategy involves introducing a guarantee that every individual aged 18 to 21 will have access to an apprenticeship, training, or assistance in securing employment.
Labour's proposal to establish 'Skills England' underscores the importance of collaboration. This initiative will bring together businesses, training providers, unions, and national and local government to ensure a highly trained workforce.
The Apprenticeship Levy currently considered "broken", with the "rigid rules" ignoring vital skills and training needed to access apprenticeships. They pledge to revamp the apprenticeship levy into a Flexible Growth and Skills Levy marks a significant shift. This new model is designed to empower businesses, giving them greater control over the training they offer and allowing them to invest in the specific skills their workforce needs.
The ascension of a Labour government in the UK brings with it the promise of invigorating and expanding the landscape of apprenticeships. By strategically aligning policies, resources, and initiatives, the government can create an environment where businesses are empowered and incentivized to engage with apprenticeships, ultimately benefiting from a pool of highly skilled and motivated young professionals. Simultaneously, young people from diverse backgrounds will have the opportunity to embark on meaningful career pathways, shaping a brighter future for the workforce and the economy as a whole.