Search Our Site

We have 3,780,032 registered online learners.
721 new learners so far today.

What the Budget means for vocational training

schedule 21st March 2014 by Virtual College in Virtual College Last updated on 7th July 2016

Before the announcement of the latest Budget this week, one of the major points up for debate was what exactly it would mean for the drive to reduce the growing skills gap that is taking a hold of the UK labour market across a growing number of sectors. As well as calls to cut tuition fees for science, maths and engineering courses, there was also strong support for calls to provide small firms with grants for apprenticeships and improve vocational training from a young age. Senior ministers including Vince Cable admitting that a lack of skilled workers is a "major problem" with the potential to seriously disrupt the economy. So what exactly did the Budget mean for vocational training and apprenticeships? The biggest announcement in this regard made by chancellor George Osborne has promised to increase the number of apprenticeships for young people, in a bid to improve the skills of the workforce and cut the rate of unemployment among the this demographic. He told parliament: "To make sure we give young people the skills they need to get good jobs in the modern world, we've doubled the number of apprenticeships and I will extend the grants for smaller businesses to support over 100,000 more." The government has also committed to new degree-level apprenticeships and pledged significant funds to a number of public and engineering works projects, including £270 million for the Mersey Gateway Bridge, £140 million of additional funding for repairs and maintenance of Britain's flood defences and £200 million for national pothole repairs. Despite the criticism that the government has attracted in the past, the drive for more apprenticeships has been welcomed by many. John Longworth, director general of the British Chambers of Commerce, explained that the move will help to address the "huge confidence gap" that still exists between employers and young people looking for jobs. "We are very pleased to see the chancellor heed our call to help firms take on and train tomorrow's workforce," he said. "Overcoming that confidence gap means more investment in young people, more apprenticeships, and more jobs, which are critical with more than 900,000 16 to 24-year-olds still out of work."
Virtual College Logo

Author: Virtual College

The latest training news brought to you by Virtual College. We create innovative digital learning experiences that inspire people to develop the skills they need to thrive in their careers; enhancing and enriching the organisations they work in. For 24 years, we have been developing and supplying collaborative, customer-focused e-learning technology for organisations world-wide.

ISO 9001:2015
Crown Commercial Service Supplier
LPI Accredited Learning Technologies Provider


+44 (0)1943 605 976

Virtual College

Marsel House


West Yorkshire

LS29 8DD

Awards for footer
Gold and silver award winners at the Learning Technologies Awards 2017 - including gold for excellence in the design of learning content.


We are in the process of moving to one Virtual College website. If you want to go back to a course, or start a course, bought from our old website then you may need to login to our original learning management system. Otherwise, please proceed to our new learning management system to return to your training.


You are already logged in. Click the button below to be taken to your LMS dashboard. Alternatively, click logout to leave the system.