The Close Brothers SME apprenticeship programme has funded a further 15 apprentices who will join the programme in 2021, marking the fifth phase of the programme.
With the support of the University of Sheffield AMRC Training Centre, the Manufacturing Technologies Association (MTA), Road Haulage Association (RHA) and the manufacturers organisation Make UK, Close Brothers has helped SMEs across the UK recruit and train a new generation of apprentices.
Through the programme employers will be given financial help towards taking on apprentices in the manufacturing and transport sectors, creating opportunities for young people and helping businesses across Britain to thrive in the longer term.
Close Brothers, the merchant banking group will cover all training costs, as well as contribute 50% of the wages of the apprentices in the first year and 25% in the second year. Further support will be offered for those on degree apprenticeships.
Close Brothers has been funding apprenticeships since the programme launched in 2015, with 55 of the apprentices having been trained by the AMRC Training Centre in Rotherham.
The 15 new apprentices will learn their skills at the AMRC Training Centre, part of the Advanced Manufacturing Research Centre (AMRC) group. Apprentices starting in 2021 will be on track to complete their training by 2023. This scheme helps smaller businesses in the Sheffield City Region to secure the skills they need for future growth.
This continued investment in apprenticeships highlights the company’s continued commitment to supporting small and medium-sized enterprises to secure the skills they need for the future growth of their business. The scheme also aims to give young people from all backgrounds a chance to learn a trade and carve a rewarding career for their future.
Adrian Sainsbury, Chief Executive, Close Brothers Group, commented: “Apprenticeships are an excellent way for UK SMEs to fill skills gaps, develop their future workforce and improve long-term growth prospects.
“We know from experience that SMEs often need assistance to take on apprentices, so over the past six years we have established a programme that aims to help SMEs with the specific issues they are facing. We also want to help businesses establish a diverse and dynamic workforce of young fresh talent with new ideas and an eagerness to learn the new skills and knowledge required to build a rewarding long-term career.”