£17m Skills Bank gets ready for business
PricewaterhouseCoopers LLP (PwC) has been appointed to run the Sheffield City Region Skills Bank. This is a £17m fund to be used to upskill employees across the region.
The existing Skills Bank, which gives employers greater purchasing power and control over how Government funded training is accessed, is also being enhanced through devolution deals.
The Skills Bank will run from Spring 2016 to March 2018. It aligns the public investment provided through the Skills Bank to economic growth outcomes. These are job creation, business creation and increasing Gross Value Added (GVA).
The aim is to create a demand-led skills system. It is funded by the European Social Fund (ESF) and Growth Funding from the Skills Funding Agency (SFA).
5th April 2016