The Employer Ownership Pilot has attracted the interest of 34 businesses, which include such big names as Siemens, Nissan, BAE Systems and Arla Foods.
All 34 firms were successful in bidding for the Employer Ownership Pilot, and will receive a share of £67 million for their efforts. On top of this, a combined total of £98 million is expected to be invested into the scheme.
Some of the proposals being outlined include BAE Systems and Siemens training employees to operate in their workplace and supply chain operations, and Nissan setting up 14 training programmes to benefit more than 3,000 staff members.
Business secretary Vince Cable commented: "This fund underlines our commitment to strengthening the economy and making sure that the UK workforce has the skills that businesses need."
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Posted by Nikki Barrister
Hat Tip To: Salespeak News