Apprenticeships 'return £40 for every pound spent'
In an article published in The FE News on Friday 1 April, Apprenticeships generate £40 in the economy over a student's lifetime for every pound spent by Government, new research commissioned by the Department for Business, Innovation and Skills has found. The study, which estimated the economic impact of the skills gained by adults in the 2008/09 cohort, found that the work done that year would add £75 billion to the economy over their working lives. Vince Cable, secretary of state at BIS, said: "We have committed to funding at last 250,000 more adult apprentices over the next four years than previous Government planned for. This research adds further weight to our conviction that further education has a vital role to play in ensuring we have the skills that will build a stronger and more balanced economy."
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