Government funding made available to target industrial strategy skills training
Companies of all sizes now have access to a total of £238 million in government funding to design and guide vocational training to meet the needs of their workforce.
Everton Football Club, Balfour Beatty and the National Grid are among a raft of names who have successfully bid to take part in the design of vocational skills. Government's contribution will be more than matched by the successful companies.
A key aim of the Industrial Strategy is to improve the skills base of the country. By working in partnership with industry these companies will help to reach that goal.
The Business Secretary Vince Cable will today outline the benefits of this investment to an audience of business leaders at the Industrial Strategy Conference "One Year On" at Warwick University.
He said: "We want the Employer Ownership Pilots to test a new approach, built around an open and flexible offer for employers. I am happy to see that businesses have taken up that challenge.
"The difference in these schemes is that we will channel funds through employers rather than providers. I look forward to seeing the transformation that this investment will bring to shaping the skills and training of this country's workforce."
Employer Ownership Pilot Round Two (EOP2) follows the first round of this pilot, which is jointly funded by BIS and Department for Education with £340 million to 2015/16.
Skills Minister Matthew Hancock said: "This project is helping to strengthen industries that know the skills of their workforce are a driver of growth and have the capacity to place the country ahead in the global race.
"It is rewarding to see that so many businesses were interested in taking part in this programme. I look forward to them producing dependable innovative vocational training to help grow the economy."