Last modified on Mon 8 Feb 2021 14.02 EST Small business owners may believe in the ethos behind apprenticeships, but many feel they lack the time, resources or knowhow to take on one themselves. Research by the Federation of Small Businesses found recruitment, time management and facilitating the 20% requirement for off-the-job training have been the biggest challenges for SMEs. But taking on an apprentice can also be an opportunity to address skills gaps, or diversify into a new area. And there are considerable cost-saving benefits: the government covers 95% of training costs and apprentices are paid a minimum of £4.15 an hour for their first year.