Government supports firms with £25m to fund training

Skills and Enterprise Minister Matthew Hancock has unveiled £25 million of additional support for businesses to take the lead in improving training for new and current employees.

Speaking at a UK Commission for Employment and Skills Investment Showcase, the Minister pledged to support businesses in the automotive sector supply chain with £20 million to fund training. This marks the next development in support of employer ownership, making sure skills support meets the needs of business. He also announced the successful bidders in the next phase of Employer Ownership Pilot (EOP) funding as well as unveiling what previous winners have chosen to invest their funding on.

The £20 million fund for the automotive sector supply chain will support the skills essential for the continued growth of the automotive sector. From next week, businesses in the sector will be able to submit proposals in order to access funding and address skills shortages. Businesses can submit their proposals from 6 May 2014 and the offer will be open for 12 weeks.

Skills and Enterprise Minister Matthew Hancock said: “Our goal is to bring employment and education closer together, to deliver the skills employers need. This straight forward, flexible employer ownership fund will allow employers in the supply chain to develop their skills so they can take advantage of significant growth opportunities in the sector. By having a highly skilled workforce, companies will be able to grow and meet the imminent and longer-term needs of automotive manufacturing companies.”