Jim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)Department Debates - View all Jim Shannon's debates with the HM Treasury
(5 years, 5 months ago)
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Elizabeth Truss
We put £20 million into the national retraining scheme, and I am very much looking forward to visiting my hon. Friend in Oxfordshire to see some of those fantastic businesses in situ.
Jim Shannon (Strangford) (DUP)
Bearing in mind that two thirds of UK firms have expressed concerns about a skills gap, will the Minister further outline what steps her Department has taken to provide schemes and support to businesses that are willing to take on apprenticeships but have not so far done so?
Elizabeth Truss
The hon. Gentleman is absolutely right: we want to encourage more small and medium-sized enterprises to take on apprenticeships. That is why we have reduced the level from 10% to 5% for co-investment, which will encourage more small firms to get involved, as well as extending the amount that can be used down the supply chain.