New Funding Announced for Businesses to Boost Employee Skills

New funds have been put in place by the government enabling businesses to support apprenticeships up to degree equivalent, thereby helping to cultivate the skills needed to boost economic growth.

Businesses and training providers are being invited to bid for a share of £6 million through a new round of the Higher Apprenticeship Fund, which will support the development of thousands of new Higher Apprenticeships in sectors including aerospace, energy and renewable technologies.

The Prime Minister has also opened the bidding for the new Employer Ownership of Skills Pilot, inviting employers in England to apply for funding to support vocational training. The pilot will help businesses to secure more control over how skills training is designed and delivered. It will make up to £250 million of public investment available for successful bids over two years from August 2012. Up to £50 million in 2012/13 and up to £200 million in 2013/14 will be available.

 

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