Simon Hughes MP is calling for more local businesses to take on an apprentice.
New research undertaken by the Association of Accounting Technicians suggests that every time a local company hires an apprentice, their bottom line gets an average boost of £2,621. The research shows that last year, 840 people started an apprenticeship in Bermondsey and Old Southwark, and the new apprentices alone provided a local boost of around £2.2 million in 2012/13.
The number of apprentices has been increasing rapidly. Despite this, surveys show that 60% of small businesses are missing out because they don’t know enough about how apprenticeships work.
Commenting on the latest figures and new research, Simon Hughes, MP for Bermondsey and Old Southwark, said:
“If they don’t have one already, every local business in Bermondsey and Old Southwark should consider employing an apprentice.
By giving young people a chance, they will also be boosting their bottom line. The research suggests that new apprentices in Southwark and Bermondsey have contributed around £2.2million to the local economy.
Apprenticeship numbers have now doubled, with Liberal Democrats in government making it a key priority. It’s great news for each local apprentice, great for our businesses and great for growth.”