Chancellor of the Exchequer Rishi Sunak today (3 March) pledged an additional £126m to create 40,000 more traineeships in England during the 2021/22 academic year.
The funding, which is part of the government’s Plan for Jobs scheme, is aimed at creating “high quality work placements and training for 16- to 24-year-olds”, Sunak told the House of Commons.
Small and medium sized businesses (SMEs) will also be able to bid for funding to create traineeships, he added.
The Chancellor also announced the extension of increased incentives for companies who take on apprenticeships until September.
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