NACFB and Hitachi Capital Business Finance announces partnership to create innovative apprenticeship
The NACFB is announcing its first ever apprenticeship scheme in partnership with Hitachi Capital Business Finance. This is a unique project that will provide training and enable the apprentice, post-training, to establish themselves as an independent broker.
At a time when both the UK and the city are looking to create new jobs and bring in a new generation of talent, apprenticeship schemes are firmly on the agenda. Given the importance of the financial sector to the British economy, it is recognised that this is something that, collectively, the industry needs to address.
Adam Tyler, chief executive of the NACFB said: “We recognise at the NACFB, that there is a need for young talent to come through, the average age of our commercial finance brokers is increasing and we need to invest in new talent for the future. The cost of training can be prohibitive, so being able to finance a talented individual is something we are proud to be able to offer.”
It is anticipated that competition for this apprenticeship place will be fierce, seeing a high calibre of applicants. A panel, with representatives from both the NACFB and Hitachi Capital Business Finance will interview prospective candidates to ensure impartiality.
Hitachi Capital Business Finance will cover the cost of the training for a 12 month period which will include six months in-house position at Hitachi Capital Business Finance’s office in Staines and six months with a commercial finance broker. This will be supplemented with day release sessions on a regular basis with the NACFB in London. At the end of the training programme, the individual will be equipped with the necessary skills to set up their own business, or join an existing brokerage at an experienced level.
Gavin Wraith-Carter, general manager at Hitachi Capital Business Finance said: “We are committed to investing in apprentices and are excited to have the opportunity to further invest in the development of new talent for the broker marketplace. We have ensured the best training programme possible at a time when technology is changing the way brokers manage their business to deliver the specific skills this role requires. With insight from a funder, a broker and with continual hands on support from our industry body, this individual will receive an exceptional start to a career within the asset finance market. It is vital we continue to support apprenticeships and hope the industry will continue to get behind the serious talent coming through.”