The Proposed Sector Deal recognises the importance of innovation and ensuring the value created by innovation is realised in the UK through inward investment in manufacturing and new jobs. People/Skills is a component of the Deal:
Government to:
- Establish a technical education system that rivals the best in the world to stand alongside our world-class higher education system.
- Invest an additional £406M in maths, digital and technical education, helping to address the shortage of science, technology, engineering and maths (STEM) skills.
- Create a new National Retraining Scheme that supports people to re-skill, beginning with a £64M investment for digital and construction training.
Industry to:
Engage with wider society and school children, in particular, to promote the industry through programmes such as Children Challenging Industry and the Catalyst Science Discovery Centre.
- Focus on training and developing STEM entrepreneurs of the future by scaling SCI’s Bright SCIdea Entrepreneurs Challenge Programme.
- Ensure the sector has a strong pipeline of STEM graduates required to deliver its strategy.
- Work with Government and other organisations, such as Cogent and CIA, to continue to build the pipeline of apprentices for the sector.
Full report
