Govt receives 269 training funding applications

The government has received 269 applications for funding from its £250 million Employer Ownership pilot, it has been reported.

Skills minister John Hayes said a significant number of businesses and organisations have expressed an interest in designing and developing their own vocational training programmes.

The government opened the scheme for bids earlier in 2012, in a bid to direct training funding to employers seeking to improve in-house skill levels.

Mr Hayes commented that skills are "central to the UK economy" and the long-term competitiveness of Britain.

"We're making excellent progress with the biggest apprenticeship programme in modern history," he stated.

"That's why the government has put building workforce capabilities through training at the heart of our economic strategy."

He said the UK will use its "unprecedented focus and funding" to match and beat competitor nations who have always valued vocational education.

The winners of the bids will be announced later in 2012, allowing a number of firms to invest in new training provision.

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