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ESFA Update: 7 November 2018

Latest information and actions from the Education and Skills Funding Agency for academies, schools, colleges, local authorities and further education providers.

Educating for the Modern World: Increased demand for Higher Skilled Roles
November 7, 2018
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The CBI reports that more than three-quarters (79%) of businesses expect to increase the number of higher-skilled roles over the coming years.

Yet two-thirds (66%) fear that there will be a lack of sufficiently skilled people to fill vacancies. 

That’s according to the 2018 CBI Education and Skills Annual Report, in partnership with Pearson.

The report represents 28,000 businesses and reveals that 85% of firms are expecting to maintain or increase investment in training in their workforce. Currently, UK employers spend £44.2 billion on training expenditure each year.

When asked about the impact of the apprenticeship levy, the report highlighted a drop in the number of firms offering apprenticeship programmes (from 83% in 2017 to 70% in 2018). Worryingly, 59% of those firms that offer such programmes have experienced difficulty in recruiting apprentices or expect to do so in the next three years.  And over a quarter (26%) have taken the decision to absorb the levy as an added cost of doing business. Read more

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