Business need new high-level apprenticeships says CMI
CMI has welcomed George Osborne’s Budget commitment to fund three million new Apprenticeships and his emphasis on higher level, high quality programmes.
CMI Director of Strategy, Petra Wilton, says:
“The apprenticeship levy on large companies has to go hand in hand with rapid action to make sure employers can access high quality apprenticeships at higher skills levels. We particularly support the employer-led development of a new degree-level apprenticeship in management and leadership. It will help employers train the leaders of the future and its focus on professional management will put British business on track to a more productive future.”
Responding to the Chancellor’s ambition to make the UK the world’s most prosperous major economy by the 2030s, Wilton adds:
“Management is the missing piece in the productivity puzzle. CMI research shows that poor management costs the UK economy more than £19bn a year and business investment in management development has long lagged behind our competitors. We hope the Chancellor uses his forthcoming productivity speech to set out how he will change this.”