Archive | government RSS feed for this section

Apprenticeship over education?

16 Mar

More and more young people are opting to do pursue an apprenticeship rather than a degree and if you’re aged between 16-24 and don’t have a higher qualification then it’s a fantastic option.

Often people will dismiss apprenticeships due to their pay rate, however the rate of pay can be quite surprising. Although the minimum apprenticeship wage stands at £3.30, the average wage during an apprenticeship is £170 a week with many companies paying up to £270. Studies* also show that on average those who have attended an apprenticeship earn nearly £4000 more a year than graduates. You’ll get paid for learning and gaining qualifications without the student debt at the end of it!

Whilst being in education is great, doing an apprenticeship will give you valuable experience to add to your CV – which employers look for. A Government survey also showed that 85% of apprentices said their ability to do the job had improved and 83% said their career prospects had improved.

So with 90% of apprentices staying in employment (7/10 of those with the same employer) what are you waiting for?! Have a look at the government guide to applying for apprenticeships and bag your dream role today.

How to write a winning apprenticeship application:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/442593/How-to-write-winning-application.pdf

 

*http://www.onrec.com/news/statistics-and-trends/apprentices-earn-almost-%C2%A34000-more-than-graduates-year-in-first-job

Government Start-up Loans

26 Jun

Start-Up-Loans-new-logo

When starting a business you may find the start-up costs slightly daunting and may prevent you from going ahead with your idea, however there is help out there so don’t give up!

The government offer a business start-up loan service where you can borrow money to cover your start-up costs and also receive useful advice from experts. To help get your business up and running there are a few requirements:

  • You’re aged 18 or over
  • You’ve developed a business idea
  • Your business will be based in the UK
  • You are a UK resident
  • Your business has been trading between 0-24 months

The application will also require you to have produced a business plan and cash flow, which is essentially creating a more detailed plan of your business. You can find templates on their website, along with support. Alternatively you may be able to get help from one our enterprise coaches at Opportunity Plus can run through what you need.

Once you’ve been successful with your application you still get on-going support, and can pay the loan off over up to 5 years at a fixed interest rate.

Don’t think you’ll get accepted? Take a look below to see just how many businesses they’ve helped get going so far, or check out their website – https://www.startuploans.co.uk/

Don’t forget to think about how you’re going to pay the loan back, and only borrow as much as you need.

Start up loans

If you want support and guidance for starting your business then please get in touch on 0800 043 2440 or info@opsw.co.uk