£17m skills bank fund is open to applications

Employers are being urged to apply for a share of a new £17m training fund.​

Sheffield City Region's Skills Bank aims to provide a one-stop-shop to bridge the productivity gap, drive business growth and boost the region's prosperity.

Its target of creating 70,000 new private sector jobs over the next ten years aims to remove almost every barrier to sending staff on courses to help companies grow and it can fund up to 75% of the costs.

The Skills Bank is a project of Sheffield City Region’s Local Enterprise Partnership, which has negotiated a £1.3bn devolution deal.

They key part of this announcement came from Peter Norriss at PWC accountants who won the contract to run the Skills Bank until 2018.

He said, “bosses were in the driving seat. They could ask for a visit to their premises or sign up on the phone or internet. Some 43 training providers had been approved, but if a course was unavailable they’d go outside the region to source it, or develop a new one.

Any business has the potential to grow, we will fund skills where we can help people with that mission - we want to make it super easy for employers.

The big difference in what has gone before, is that we are not taking a product to market, we are a service where the companies themselves decide what they want.

We never want to turn someone away without an answer, our message is that we have the funding and support and we do the red tape.”

This is a great opportunity to approach employers you are working with within the Sheffield City Region as a potential way of funding staff training and development.

More information about the skills bank can be found at SCR Skills Bank