Benefits for economy

  • The National Audit Office has estimated that for every pound of government investment in apprenticeships, the economy gets £18 back
  • When wider benefits are included, the Department for Business, Innovation and Skills estimated the return on investment to be even higher, at £28 for every pound of government investment
  • £1.566 billion government investment in 2013 to 2014
  • Apprenticeships estimated to contribute £34 billion to the UK economy in 2014
Sources: SFA data; National Audit Office; Ancestry; the Centre for Economics and Business Research

Apprenticeships estimated to contribute £34 billion to the UK economy in 2014