ColegauCymru and the National Training Federation for Wales (NTFW) have today published new data which highlights the far-reaching economic and social consequences of apprenticeship funding cuts in Wales.
The research, carried out by The Centre for Economics and Business Research (Cebr), highlights the significant economic and social cost of apprenticeship funding cuts, particularly affecting the most deprived communities, and critical sectors like healthcare and construction. The findings emphasise the need for sustained investment in apprenticeships to support economic growth and workforce development in Wales.
As a result of last year’s budget cuts, the report highlights:
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Nearly 6,000 fewer apprenticeship starts in Wales this year
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A £50.3 million ‘short run’ impact on the economy
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The health and social care and construction sectors are being impacted the most
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Funding cuts are disproportionately affecting the most deprived within the Welsh population
Further Information
Rachel Cable, Director of Policy and Public Affairs
Rachel.Cable@ColegauCymru.ac.uk
