Apprenticeships in a recession

On 17 January 2009, the Prime Minister Gordon Brown announced a further £140m in funding for 35,000 new apprenticeship places, as the Government shows businesses that they can and should invest in skills, even in the most difficult economic circumstances. 

It is more important than ever to ensure that employees have the skills they need to help deliver success. Training will help businesses survive the recession and make the most of the new opportunities the upturn will bring:

• In tough economic times apprenticeships can give you a bespoke, enthusiastic workforce that can help you make your business more resilient
• Apprenticeships are a highly effective way to ensure you have the right skills in place to survive the economic downturn
• Apprenticeships can help you to prepare your business for growth when better times arrive

• Research shows that businesses that do not train their workforce are 2.5 times more likely to fail than those that do