Research carried out on behalf of the bank involving 2,000 young people shows that one in eight (13 per cent) of those aged 14 and 15 want to take an Apprenticeship.
Based on current student numbers, this would mean that as many as 181,090 14 and 15-year-olds are looking to take an Apprenticeship when they leave school.
With around 25,000 young people currently taking up an Apprenticeship at age 16, the research concludes that more than 156,000 are missing out – which equates to a £1,503,146,700 potential injection to the economy, claims Barclays.
Barclays bases this claim on National Apprenticeship Service figures showing that apprentices bring a £214 a week boost to productivity for firms, equating to £9,630 a year, allowing for time off.
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