News

Improving Engineering Skills in Smaller Companies

The Government has launched a £2.5 million fund (12th December) for small and medium-sized engineering companies to invest more in the skills of their workforce and improve their business performance.

This is the first tranche of a £10 million fund to give employers a leading role in tackling skills shortages in engineering. It provides a 50% grant from Government, with a simple, fast to access application process.

It follows the recent Engineering Skills funds - for Improving Engineering Careers and Developing Women Engineers, which closed on 5th December. It’s now easier for smaller companies with a much lower minimum funding threshold (£10,000) and allowing employers to include staff wage costs during training as part of the eligible costs.

It is open from 12th December 2014 until the 27th February 2015 – or until funds are all allocated. More information on registration and guidance on making an application can be found through the Gov.uk website at the following link: https://www.gov.uk/government/publications/employer-ownership-improving-engineering-careers-smaller-companies

Any queries can be addressed to employerownershipenquiries@bis.gsi.gov.uk