Document Abstract

Economic benefits of vocational education: an update (In focus) - 2nd edition

Discusses the benefits of vocational education and training (VET). Explains that the UK has relatively low participation in vocational education compared to other countries, but that it is becoming increasingly prominent in recent years. Notes that there have been several high-profile reviews including the Wolf report of VET and the Richard review of apprenticeships. Explores key issues, including the UK’s skills shortage, the growth in VET, and the value of VET for individuals, business and the economy and how best to achieve this value. Looks at recent policy changes that will have an impact on VET, such as the Apprenticeship Levy and T-Levels. Concludes that there is a persistent perception that vocational education is inferior to academic education. Makes recommendations for overcoming this barrier, including highlighting that colleges and education providers must redouble their efforts to understand employers needs and employers must articulate the knowledge and skills they expect, as well as helping to train the next generation of employees.


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