Work with Semta to win skills training funding

The Employer Ownership of Skills Pilot funding pot is now worth a total of £340 million, it says, with nearly £70 million won last year by companies in the first round and with which Semta is already working. Said Sarah Sillars OBE, Semta's chief executive, said: "Semta is ideally positioned to offer advice and coordinate employers and sector organisations who can work in partnership and win funding to ensure employers' skills needs are met.The economy is forecast to return to growth in 2013 and Semta will be at the forefront, leading the charge on skills that provide a return on investment "Organisations in our sectors typically deliver £20,000 per employee more in Gross Value Added than the overall national average and therefore have a critical role to play in delivering economic recovery. So our role, in ensuring that the right skills are in place, will be a huge factor in the success of engineering and manufacturing in 2013." While much work is already underway to combat engineering and manufacturing skills challenges, Semta forecasts that more than 82,000 scientists, engineers and technologists will be needed across the UK by 2016 to take advantage of growth opportunities and reduce the impact of skills lost through retirement. And there is a further need to upskill 363,000 of the current technical workforce whose qualifications are currently below world class standards. For further information, call Semta Customer Services on 0845 643 9001 or email customerservices@semta.org.uk For further information on Employer Ownership of Skills Pilot funding, click the link below.