Responding to the publication of the Milburn Review interim report and latest ONS figures, the CIPD said greater investment and policy intervention were needed to support young people entering the labour market.
The plans include fully funding apprenticeship training costs for eligible under-25s at smaller businesses from August by removing the existing 5% co-investment requirement.
Seven apprentices and their supporters were recognised for their work, with attendees including apprentices, families, employers, sponsors, and HETA trustees.
New guidance aims to help employers deliver high-quality work experience programmes.
The IMI said that this is a significant step for the sector, but called for Apprenticeships Levy reform for larger businesses.
The company announced 65 trainee vacancies in areas such as digital software, electrical engineering and AI.
82 apprentices, including electricians, engineers, process operators, fitters and welders, have completed their first year and moved into industry placements.
Neil Hammersley said: “Whether you're new to apprenticeships or already working with us, this is a fantastic opportunity to connect and explore what’s possible.”
Arnold Clark has taken on 118 new apprentices across Scotland and England, reinforcing its commitment to skills development and career progression.
Among small firms that already employed apprentices, 73% said the increased financial support could enable them to hire more in the future.
Specialist hair and beauty training provider Kleek Apprenticeships has opened a new hair academy in Camden, marking its sixth location and enhancing its presence across the South-East.
The ISE survey reveals an increase in graduates and apprentices leaving jobs for better pay, a reflection of the cost-of-living crisis's impact on employee retention.