The National Association of Commercial Finance Brokers is piloting its first-ever apprenticeship scheme in collaboration with Hitachi Capital Business Finance.
In the first year only one candidate will be put through the scheme, although more may be put through training once the pilot has completed.
HCBF will cover the cost of the training, which will include a six-month in-house position at the firm’s office in Staines and then six months with a commercial finance broker. Following this, the apprentice will be able to set up as an independent broker or join an existing brokerage.
HCBF general manager Gavin Wraith-Carter says: “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.”
NACFB chief executive Adam Tyler says: “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.”