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 the circa 14% budget reduction, the report highlights:
- Nearly 6,000 fewer apprenticeship starts in Wales this year
- A £50.3 million ‘short run’ impact on the economy
- The health and social care and construction sectors are being impacted the most
- Funding cuts are disproportionately affecting the most deprived within the Welsh population
ColegauCymru Chief Executive, David Hagendyk, said,
“The data is deeply concerning and underlines the devastating impact of apprenticeship funding cuts on Wales' economy and our most vulnerable communities. A strong apprenticeships programme is critical for Wales’ economic recovery, equipping individuals and businesses with the skills they need for success. Apprenticeships are fundamental to building a stronger, greener and fairer Wales.”
NTFW Strategic Director, Lisa Mytton, added,
"The findings are a stark warning. Without urgent action, we risk long-term damage to Wales' workforce and economy. Apprenticeships must remain a priority in government funding to secure our future."
ColegauCymru and the NTFW have previously called on Welsh Government to restore the apprenticeships budget to levels seen prior to the loss of European Structural Funds. The findings of the research endorse this call so as to mitigate any further impact to the Apprenticeships Programme in Wales beyond this year.
Further Information
A Cebr report for ColegauCymru and NTFW
The Impact of Apprenticeship Funding Cuts in Wales
November 2024
Rachel Cable, Director of Policy and Public Affairs
Rachel.Cable@ColegauCymru.ac.uk
