Study finds higher apprentices provide 60 greater taxpayer returns
A landmark new report has found that Higher Apprentices provide 60% greater taxpayer returns than graduates from 'new' universities.
The report, conducted by Pera Training, one of our approved centres, and the Million Jobs Campaign, the organisation which represents one million young unemployed adults, has found that for every £1 of funding, Higher Apprentices generate £85 in revenue to the Exchequer. In contrast, graduates from 'new' (post-1992) universities generate two-thirds less revenue (£51) per pound of investment.
This new report, entitled 'Varsity Blues: Time for apprenticeships to graduate?' looked for the first time at the direct comparison between graduates and apprentices in terms of earnings, employment and taxpayer returns.