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£6bn worth of social value to be unlocked from STEM apprenticeships

A new survey conducted by engineering consultancy WSP, in partnership with the New Economics Foundation, has estimated that there’s a total of £6bn worth of social value to be gained from the UK’s STEM apprentices. WSP are fierce advocates of investment in apprenticeships and claim that every £1 invested would end up producing a return of £2.26 for the company.

The methodology they’ve used is to look at their own apprenticeship scheme, applying the Social Return on Investment (SRoI) methodology and extrapolating that figure for the entire country. The caveat to their data is that these figures were produced before the government’s Apprenticeship Levy came into effect. The company estimate that the levy would only serve to increase the positive value of apprenticeships.

“The levy has allowed us to continue tackling the skills gap in engineering by diversifying our offering of apprenticeship programmes to have both school leaver and degree level apprenticeships”

– Jane Grant, head of Learning & Development at WSP

Given that 114,400 young people started apprenticeships in STEM fields last year, there’s clearly no shortage of demand across the country. With engineering and related fields constituting roughly a quarter of the UK’s total GDP, these figures are incredibly promising going forward.

“This research clearly shows that investing in STEM apprenticeships is of great benefit to the organisation. Getting more young people into STEM is something we at Arch care deeply about. We offer programmes in Technology, Digital and Data to encourage young people into these areas, which will also help add value to their employer – primarily through filling skills gaps and injecting bright new talent.”

– Ben Rowland, co-founder of Arch Apprentices

What STEM apprenticeships does Arch offer?

Arch offer apprenticeships in a range of Technology, Digital and Data enabling you to find the talent you need to advance your teams and plug the growing skills gaps in the UK’s workforce. They include:

Data Analyst L4

Did you know that there is a predicted demand increase of 28% for data scientists and advanced analyst roles, making them the fastest-growing roles in the sector? Completing this Data Analyst apprenticeship will enable learners to become an analytical problem-solver, who is able to use correct approaches and tools and play a key part in providing insights for the company.

Digital Marketer L3

On this Digital Marketer Level 3 apprenticeship programme, learners will develop skills in areas such as PPC, SEO, analytics and social media through AVADO’s professional qualifications. Dot Native provides the groundwork for new marketers with bitesize content and helps learners develop a digital mindset. Squared Online is AVADO’s leadership programme developed with Google, aimed at experienced professionals that want to enter the industry. This apprenticeship is engaging and practical and will enable people to successfully perform in dynamic digital marketing environments.

IS Business Analyst L4

On this apprenticeship, learners will develop the tools and techniques to execute detailed investigations and analysis, meaning they’ll be able to identify the right solution to meet your needs. They’ll gain the British Computer Society’s (BCS) International Diploma in Business Analysis, Certified LeanKanban Foundation and Scrum Certified Product Owner in levels 1 and 2.

IT Infrastructure Technician L3

On this Infrastructure Technician Level 3 apprenticeship programme, learners will become competent first line support for your business and customers. During this apprenticeship, they will gain seven qualifications, with six of them being from vendors including Microsoft and BCS. This programme is ideal for those starting their IT career and can lead to a higher apprenticeship in a more specialist field.

IT Network Engineer L4

On this apprenticeship programme, learners will be on a high-powered 18-month course that moves them to the next level of capability and responsibility via senior roles in Network and System Engineering. They’ll be able to develop problem-solving, creativity and analytical skills while having a passion for network principles, systems, architecture and security.

Software Developer L4

On this Software Developer Level 4 apprenticeship programme, learners will learn a whole range of software skills that will generate careers which will span from junior roles in web, app and games development with progression opportunities to senior roles with experience. During this apprenticeship, learners will gain a Diploma in Software Development Methodologies from the British Computer Society and a Microsoft certification in HTML5 Application Development.

Software Tester L4

On this apprenticeship, learners will learn how to make sure software operates as intended, typically designing and preparing test plans and carrying out software testing. They’ll develop a good understanding of the software lifecycle and software development practices and will gain ISTQB Certified Tester at Foundation Level.

If you would like to find out more about apprenticeships, call the team on 020 3906 7116

Stephanie Khan

Stephanie is a former Marketing Apprentice, and now a Content Marketing Executive at AVADO. Since completing her apprenticeship, she has become an advocate for apprentices and the benefit they bring to businesses. She writes about modern apprenticeships, the levy, and the digital skills crisis.

Posted August 23, 2018