24/10/2008

£98m Targeted To Increase Key Sector Skills

Nearly £100 million is to be targeted at increasing the skills of workers in "vital" industries, Skills Secretary John Denham has announced.

In a speech to the CBI John Denham identified a number of industries that will be vital for the future prosperity of the UK and will require a more highly skilled workforce. These include biotech, aerospace, pharmaceuticals, nuclear, renewable, energy conservation and hospitality sectors.

He announced that £98 million will be targeted at skills in key sectors of the economy.

Mr Denham said that the Government wants to ensure that British workers do not see jobs go abroad because overseas workers have higher skills, or that migrants are needed simply because local employees lack skills.

Mr Denham said that the skills system needed to be more effective at creating people with the right skills, in the right place, at the right time. He called for a more effective demand led approach.

The Minister said: "If Government policy creates the expectation of future business - by supporting nuclear power, or setting out a framework for renewable energy, for example - it creates a demand for skills. And it sends a strong signal to all people and to the education system to develop skills that they know will be required for future jobs.

"Employer investment in skills is driven, like other investments, by the need to be able to meet the predicted demand for products and services. So government policy can and should be a major influence on employer investment in skills. But the reverse is equally true. If policy creates uncertainty, it will be more difficult to secure skills investment."

(JM)

Related UK National News Stories
Click here for the latest headlines.

28 November 2003
UK employers to benefit from £46m skills boost
UK employers are set to receive a £46 million skills boost, thanks to extra investment in Skills for Business – a UK-wide network of employer-led Sector Skills Councils.
25 January 2011
Manufacturing Summit Held To Grow UK Industry
The UK’s leading advanced manufacturers and Government met today to discuss how to work together to promote manufacturing excellence, challenge perceptions of the industry and dispel the myth that Britain doesn’t make anything anymore.
07 March 2011
£100m Investment In Skills To Drive Growth
Secretary of State for Business, Vince Cable, and Minister for Skills, John Hayes, today launched a £50 million a year fund to help businesses develop the skills they need to drive growth. The Growth and Innovation Fund (GIF) will deliver targeted help for employer groups to overcome barriers to growth within their sectors and industries.
10 February 2012
Cities To Benefit From £4.5m Skills Fund
The Government has announced a £4.5 million fund for England’s biggest cities and colleges to work together to boost adult skills across the country. The City Skills Fund will be available to the eight core cities in England, plus London, and their surrounding local enterprise partnership (LEP) areas.
26 March 2004
National Skills Day for media industries announced
Skillset have joined with Broadcast to organise the first National Skills Day for the media industries, to be held on Wednesday May 18 2005.