Welsh firms warn of dire economic consequences from apprenticeship funding cut

More than 60 companies and business organisations have called on the Welsh Government to reverse its draft Budget plans that would see a significant cut to its flagship apprenticeship programme.
With inflation creating a real terms cut to its block grant, the Welsh Government is set to implement a reduction in funding of around 24% in the programme for the 2024-25 financial year.
As a result the training sector is forecasting 10,000 less new apprentice starts. To put this into context the latest available figures show there were around 20,000 new apprentice starts in 2021.
READ MORE:How the Welsh Government lost out on £155m
READ MORE:Deloitte considering new HQ in Cardiff
The reduction comes following a by a decision by the Cardiff Bay administration to reverse a commitment to provide transition …