(2 years, 9 months ago)
Commons ChamberContrary to the hon. Member’s assertion, mortgages do not take into account student loans and we should put that on record. We are committed to a sustainable higher education funding model that supports high-quality provision, meets our skills gaps and maintains the world-class reputation of our higher education institutions, which is exactly why we will respond to the Augar review in full in due course.
We are increasing spending on skills by £3.8 billion over this Parliament—that includes growing apprenticeship funding to £2.7 billion by 2024-25—and our skills revolution will ensure that young people have the skills that they need to access high-quality jobs through skills bootcamps, T-levels, traineeships and apprenticeships.
The Government’s apprenticeship scheme has done a fantastic job in giving young people from across Keighley and Ilkley a route to high-skilled work. I saw that at first hand when I visited Byworth Boilers and met Suzanne Rutherford, Jago Harry and Curtis Daly, all of whom made that progression through the apprenticeship scheme. What plans does my right hon. Friend’s Department have to ensure that success stories such as the Byworth Boilers apprenticeship scheme are repeated all across the country?
As so many companies, such as Byworth Boilers, are recognising the benefits of growing their own, there have been 130,000 apprenticeship starts in the first quarter of this academic year, up 43% on the same period last year and 3.5% higher than before the pandemic. Apprenticeships can be transformative, and I am sure that Suzanne Rutherford, Jago Harry and Curtis Daly will find that for themselves.