AIM sector support for apprenticeships revealed

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AIM businesses are to create thousands of new apprenticeships

The Department for Business, Innovation and Skills has revealed the UK's fastest-growing companies could provide a considerable boost to the number of apprenticeship positions being created in the years ahead.

Business secretary Sajid Javid has welcomed the news that as many as 850 small and medium-sized enterprises (SMEs) registered on the Alternative Investment Market (AIM) of the London Stock Exchange will now be taking part in a new apprenticeship programme.

The London Stock Exchange Group Foundation has committed an initial £20,000 to underwrite the cost of administering the scheme, which will be managed by charity group City Gateway.

It will bring together businesses and potential apprentices to highlight the opportunities being offered to young people, with the initiative supporting the government's recent announcement regarding the need for more and better apprenticeship programmes up and down the country in the years ahead.

Mr Javid said: "We are committed to three million new apprenticeship starts in this parliament, and AIM's apprenticeship scheme is exactly the kind of project that will help make that vision a reality."

He argued that the provision of world-class apprenticeship schemes is essential for the long-term profitability and expansion of UK enterprise and supporting employers to create more apprentice roles is therefore high on the agenda right now.

Xavier Rolet, chief executive officer for the London Stock Exchange Group, added: "SMEs are a key driver of jobs, innovation and economic growth in the UK. Matching the UK's most dynamic growth companies with talented young people seeking life-changing opportunities is a win-win."