New fund to boost training investment launched
The government wants to get business going
The government has set up the Growth and Innovation Fund to deliver targeted help to employers, providing them with a £50 million pot a year to aid development of skills in order to drive expansion.
This amount will be invested by the Department for Business, Innovation and Skills in partnership with companies, which could see up to £100 million each year invested and new training to boost productivity and innovation supported.
Vince Cable, business secretary, noted that the government understands that skills shortages must be tackled in order to stabilise and grow the economy.
"By putting the employer voice at the heart of the process, we will reward inventive approaches to training that deliver real help to get business moving," he remarked.
It comes after a government-commissioned study of vocational training by professor Alison Wolf found that the system needs to be overhauled, as up to 400,000 people between 16 and 19 years old are enrolled on courses of little value.
Related articles
Sainsbury's to create 20,000 UK jobs
The supermarket chain will create 20,000 jobs over the next three years.
Read moreDemand for permanent and temporary staff continues to grow
Demand for permanent and temporary staff continued to grow in December.
Read moreWales unveils new youth unemployment action plan
The Welsh Assembly is determined to help young people get back into education and employment.
Read moreUniversities could support UK labour market
Universities could be instrumental in encouraging entrepreneurship in the UK labour market.
Read moreTechnology sector set to boost UK employment
Nearly half of high-tech firms will recruit new staff this year.
Read moreTravelodge to create 700 jobs
Travelodge will create 700 jobs across 35 new sites this year.
Read moreREC: Positive signs for job market in 2011
There are some positive signs concerning the jobs market this year.
Read moreFinancial services and IT 'leaving the recession behind'
Financial services and IT are emerging from the downturn better than other areas of the conomy.
Read moreSiemens wind farm to create 10,000 jobs in Hull
Up to 10,000 jobs could be created by the project.
Read moreEthnic minority employment in media agencies up in 2010
A report from the Institute of Practitioners in Advertising shows ethnic minority employment is up.
Read more
›Who we work with
Our Programmes
- English & Career Development Programmes
- Academic Programmes
- Summer Centre Programmes
- Leonardo da Vinci
- Work Experience Programmes
- School Group Travel Programmes
- WAVA - Work and Volunteer Abroad Programmes
Twin Group is affiliated and associated with the following professional organisations:
Bookmark & Share