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Nov 22nd
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News Business News SME management training to get boost in funding
News Business News SME management training to get boost in funding | SME management training to get boost in funding |
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The money invested by the government in its Train to Gain scheme is to double. The announcement was made by the Department for Innovation, Universities and Skills. The increase in funding will see some £11 billion a year spent on education, employment and training. As part of the increase, the budget set aside for SME management training will rise from £4 million a year to £30 million per annum, the funds supporting some 60,000 key directors and managers in around 42,000 companies over the next three years. There will also be additional money for developing a broader range of skills among workers. Part funding will now be available for those doing a second full Level 2 qualification and funding for Level 3 will be increased nationally. Skills for Life training will now be supported as a stand alone offer as well as part of a full Level 2 qualification. David Lammy, the Skills Minister, said: “I am delighted to see that businesses are recognising the importance of skills and that they are rising to the challenge by investing more in the skills of their workforce. We’ve listened to employers to ensure that this extended programme is even more effective in offering training when and where they need it. In particular, the increased investment in developing the leadership and management capacity in our SMEs will build a sense of mission at the heart of our communities, making their companies more profitable.” |
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