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SKILLS BANK- THE SCR OPPORTUNITY August 2019 SKILLS BANK- KEY - PowerPoint PPT Presentation

Apr 19, 2023 •503 likes •596 views

Appendix 1 SKILLS BANK- THE SCR OPPORTUNITY August 2019 SKILLS BANK- KEY PRINCIPLES Designed to support growth Simplify access to/and process for funding Promote employer choice Co-investment public/private commitment

  1. Appendix 1 SKILLS BANK- THE SCR OPPORTUNITY August 2019

  2. SKILLS BANK- KEY PRINCIPLES • Designed to support growth • Simplify access to/and process for funding • Promote employer choice • Co-investment – public/private commitment • Part of wider package of business support (via Growth Hub)

  3. DRIVER FOR GROWTH- INWARD INVESTMENT Foreign owned high value manufacturing company based in South East – looking to introduce new production model in the North Ch Challe lenge ⎻ Available land/premises ⎻ Access to talent pipeline SCR CR Solu olution ⎻ Capital investment ⎻ Skills Bank innovation fund ⎻ Talent stimulation programme ⎻ Provider capacity investment ⎻ Bespoke skills training for staff Sub heading

  4. DRIVER FOR GROWTH- SUPPORTING SCALE UP Small digital business providing bespoke tech software experienced some growth but now want to scale up Ch Challe lenge ⎻ Want to globalise & expand ⎻ Lack of internal skills to stratagise and plan SCR CR Solu olution ⎻ Growth Hub Enhancement project intervention ⎻ Bespoke skills bank leadership & management programme ⎻ Support to produce business strategy and implement Sub heading

  5. DRIVER FOR GROWTH- COLLABORATIVE SECTOR DEAL Group of SME engineering businesses manufacturing with composites Ch Challe lenge ⎻ As a collective have recurring skills shortages ⎻ Need to up-skill existing staff SCR CR Solu olution ⎻ Through innovation fund ⎻ Aggregated call to market to develop bespoke skill solution ⎻ Economies of scale Sub heading

  6. SCR SKILLS BANK- DELIVERY STRATEGY ⎻ Dedicated Skills Advisors & use of wider Growth Hub network of specialist advisors ⎻ Targeted and direct marketing and comms ⎻ Ongoing and comprehensive work with stakeholders & business support organisations (i.e. Local Authorities, EEF, Chambers, CIPD) ⎻ Engagement stimulation ⎻ Peer to peer delivery (Mclaren) Sub heading

  7. QUESTIONS FOR THE BOARD ⎻ How do we maximise business engagement with Skills Bank? ⎻ How do we ensure deals have larger numbers of learners? ⎻ How do we support business to understand the impact different skills set may have on their business whilst ensuring Skills Bank remains employer led? Sub heading

  8. THANK YOU Sheffield City Region [Krysia Wooffinden] 11 Broad Street West Assistant Director- skills, employment & Sheffield education United Kingdom W: sheffieldcityregion.org.uk S1 2BQ E:krysia.Wooffinden@sheffieldcityregion.org.uk T: 0114 220 3473

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