Raising Employer Ambition and Investment in Skills Presentation to the Superfast Broadband event 26th March 2012 Jeremy Horton Senior Investment Manager UK: Skills challenges (000s) (Ch 2) (Ch 3&4) (Ch 6) (Ch 5) Policy (Ch 7) 63 1,702 18,682 2,780 2,092 2 The UK’s economic position Our employment and productivity rates are not amongst the highest leading nations and are falling In the last 2 years our Global Competitiveness has fallen 4 places Government (England) HEFCE Department of Business, Innovation and Skills (BIS) Universities (£6.5bn) Skills Funding Agency (£4bn) UKCES (£100m) Investments, Further Education NOS, National 400 colleges Apprenticeships Apprenticeship Private training Service LMI providers Investors in People Introduction The UK Commission for Employment and Skills provides strategic leadership on skills and employment issues in the four nations of the UK. Our mission is to work with and through our partners to secure a greater commitment to invest in the skills of people to drive, enterprise, jobs and growth. There is an urgent need to raise UK “The skills and capabilities of our skills levels to help drive people are ultimately the basis for our productivity, growth and jobs.” long-term competitiveness.” Vince Cable, Secretary of State for Charlie Mayfield, Chairman Business, Innovation and Skills Our Commissioners Our Commissioners are leaders in their fields who contribute their expertise and resources to the full range of UK Commission activities. From Left to Right Key: Chairman Devolved Large Employers Small/Medium Enterprises Trade Unions Voluntary Sector FE and HE Administrations Charlie Mayfield, Chairman of Sir Adrian Webb, Chairman Wales Dr Bill McGinnis, NI Advisor on Willy Roe, Chairman Highlands Chris Hyman, Chief Executive of John Lewis Partnership Employment and Skills board Employment and Skills and Islands Enterprise Serco Group PLC David Fairhurst, Chief People James Wates, Deputy Chairman Larry Hirst, Former Chairman of IBM Valerie Todd, Director of Talent and Trevor Matthews, Director of Aviva Officer of McDonalds Europe of Wates Construction Ltd. Europe, Middle East and Africa Resources at Crossrail Ltd. UK Nigel Whitehead, Group managing director Lucy Adams, Director of Jeremy Anderson, Chairman Global John Cridland, Director Sean Taggart, Owner and Chief of programmes and support, BAE Systems Business Operations, BBC Financial Services, KPMG LLP General, CBI Executive, The Albatross Group Julie Kenny, Managing Grahame Smith, General Secretary of Dave Prentis, General Brendan Barber, Seyi Obakin, Chief Liz Sayce, Chief Executive, Director of Pyronix Ltd. the Scottish Trade Union Congress Secretary, UNISON General Secretary, TUC Executive, Centrepoint Radar Lord Victor Adebowale, Chief Dr. Deidre Hughes, Lead Consultant Tony Lau-Walker, Chief Executive Prof. John Coyne, Vice Chancellor, Executive, Turning Point European Lifelong Guidance Policy Network officer, Eastleigh College University of Derby Our Goal Our goal is to ensure that good market intelligence drives increased investment to achieve greater impact on skills, jobs and economic growth. s e io n f 1st n a o • Skil S n r lsm ki c H art ll i Ret s a e • L ail • A l a a • Skil s S l n lsA s t e t et r ctiv r h S v e a • S • IMI • C ki i k / r ll c i Ret e s e l ail • a S s Hospitality Agriculture l P Construction Business Aut t u Leisure, Services Retail Public s i m a sector om f otiv v m • E r o e e it n t r •I a S e • S n m n ki r k e C i p d ll g r •a S y l s rE r Cs a l h e o u M l n s i a v d f T t p n e U o A u d •P t r The 21 SSCs •C r D r a i L eo l o o l vg i g s S ee k t i k s ln i i y ot l S t l k i p l Manufacturing Manufacturing l i c Transport and Media m Creative s Energy e s • S l s n l k s t i l l Driving increased investment “I am discussing with the UK Commission The Growth and Innovation Fund (GIF) for Employment and and the Employer Investment Fund Skills what would (EIF) provide seed capital to build happen if skills solutions to stimulate enterprise, government were really to get out of jobs and growth, secure greater skills the way – leaving investment and help employers take employers, trade greater ownership of skills, as a vital unions and the source of competitive advantage. education sector to Our first rounds of investment have drive the vocational skills agenda...’ demonstrated a clear appetite for The Rt Hon Vince employer and government co- Cable MP, Secretary investment for ‘best market solutions’. of State for Business, Innovation and Skills 5 October 2011 r ed 14 secon g d a EIF an round n of the i d 10 Emplo s yer a GIF pro Invest t ment i jec ts, Fund o n inv • 69 Driving increased investment s est Invest ing ment • 3 plans ov 1 total er E £61m £1 I 1m, • Start F ma Januar p tch y to r ed April o by 2012 p £1 o 2m received in 2011 s • End GIF Round 2 EIF Round 2 em Investments a Januar Proposals plo Proposals Proposals l y yer made s submis inv sion f est r • £25m me o availa nt m ble 2 • Rolling 1 progra S mme Investments to date in 2011 Investment by strand Figures based on 10 Growth and Innovation Fund and 14 Employer Investment Fund projects § Growth and Innovation Fund and employer total investment £14,589,997 § Employer Investment Fund and employer total investment £8,711,477 Growth and Investment Fund • On a continuously open basis • Investment Board to meet x3 a year • Employer led bodies • Wider eligibility including LEPs • Simplified application process; outline or full proposals • Assessment criteria, scored by UKCES, with BIS, SfA input • Commissioners decisions – no appeals • Two strikes..... What are we looking to invest in? Owner ship Innovatio Sustain n and added ability A successful value GIF Best Market Solutions bid Delivera bility Impact Investment In Strong Business Enterprise, Jobs Innovative Scale and impact Ownership & Growth Solutions Logic Chain Outputs & Issue Solution Outcomes Impact Support? ROI: Measurable Enterprise, Evidence? Activities? believable, Jobs & Leadership sustainable Growth Employer ownership agenda 1. Employers should have the space to own the skills agenda 2. Skill solutions should be designed by employer-led partnerships to reach more people and businesses 3. Grant funding should flow directly through responsible employers giving them greater purchasing power in the skills market with providers 14 For further details… Please get in touch with us if you would like more information about the UK Commission for Employment and Skills. You can email us at firstname.lastname@example.org or call our main reception on 01709 774800 Or Jeremy.Horton@ukces.org.uk 07785 512389 Wath-Upon-Dearne office Renaissance House Adwick Park Wath-Upon-Dearne South Yorkshire S63 5NB London Office www.ukces.org.uk 28-30 Grosvenor Gardens London SW1W 0TT Tel: 0207 881 8900 Employer Investment Fund: Investment details Asset Skills: Equality & Diversity The projects supports 425 women to improve low level skills and £318,750 Carol Shillito qualifications and leads to a rise in women occupying senior and management positions. Employer Investment Fund: Investment details e-skills UK: Employability The project if for an improved pipeline of talent into the IT industry. £499,630 Mark Feeney Employer Investment Fund: Investment details Semta: Redeployment The project will ensure that high valued skilled employees displaced £450,000 Carolyn Mason following the strategic Defence and Security Review are retained and employed within the growing Advanced Manufacturing and Engineering sector. Growth and Innovation Fund: Investment details Employment Related Services Association: Professional Standards The project will introduce a Professional Institute which will act as a £480,760 regulatory body for the development and maintenance of quality standards, in addition to developing a voluntary licence to practise scheme. Growth and Innovation Fund: Investment details People 1st: Career Progression The project will create a Hospitality Guild which will broker 500 new £1,745,785 apprenticeship places, introduce four voluntary licence to practise schemes and support 15,000 unemployed people to find work.
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