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New Funding for Improving Engineering Skills in Smaller companies
by Ken Ball (15 December 2014)
On Friday the Government launched a £2.5 million fund 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.
On Friday the Government launched a £2.5 million fund 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. We have made it 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

BIS expect to open up the remaining £7.5 million in the New Year, if existing funds are fully taken up.

Note that this scheme is offered on a first-come-first-served basis. If you think your company can benefit from this fund, don't delay in applying!

Ken Ball
Electronics Manufacturing and Design Manager
techUK-e.Net
ken.ball@techUK-e.net
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