Business secretary Vince Cable has outlined new measures to ensure “more young people benefit from an apprenticeship”, including a cash incentive for small businesses who do not currently employ an apprentice and a stronger emphasis on English and maths skills.

An incentive payment of up to £1,500 will be offered to companies with less than 50 employees who hire an apprentice aged between 16 and 24.

Cable said yesterday: “Apprenticeships are proven to boost the life chances of young people, and are a sound investment in our future competitiveness. So when times are tough, it’s right that we provide additional support to help the smallest firms meet training costs.”