In November 2010, government announced in its skills strategy paper, Skills for Sustainable Growth, the establishment of a Growth and Innovation Fund (GIF) of up to £50 million a year. Government have produced a prospectus setting out how eligible organisations can apply to the investment element of GIF, with employer-led proposals to raise skill levels and business performance. The investment fund has up to £25 million available in each of the next two financial years for applications in response to this prospectus, which invites applications under three strands: Best Market Solutions, National Skills Academies and Joint Investment Programme. Government intends to invite applications to the investment fund annually from 2011 through to 2013.
SMMT on Twitter
- June figures reveal healthy demand for CVs in Europe as registrations rise 18.5% @ACEA_eu http://t.co/u6EefQQFYT
- The average UK automotive employee generated £100,000 in value added last year - twice the UK average #productivity http://t.co/s0sAworc70
- SMMT Update is out - news this week from #ukmfg @MayorofLondon http://t.co/rGH3YgH1Fz
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