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.
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