Spring Budget 2023: ‘returnerships’

15 March 2023

Within the Budget speech, Hunt announced the introduction of “a new kind of apprenticeship targeted at the over 50s who want to return to work”. These will be known as ‘returnerships’.

‘Returnerships’ will be targeted at the over-50s, and will give better access to re-training, allowing workers of any age to upskill in a flexible manner with a focus on previous experience, to reduce the length of training. They will encourage the following to those who are aged over 50:

• accelerated apprenticeships

• sector-based work academy programme placements

• skills bootcamps.

Additional funding of £63 million will be put towards additional skills bootcamp places in England, and new sector-based work academy programme placements in England and Scotland.

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