Trade Resources Company News UK Government and Automotive Industry Planning to Boost Skills of Automotive Sector

UK Government and Automotive Industry Planning to Boost Skills of Automotive Sector

The UK government along with leading UK automotive manufacturers is planning to boost skills across the automotive sector with £30m investment.

UK Secretary of State for Business, Innovation and Skills Vince Cable announced £11.3m of government funding accompanied by £2.8m cash investment and £16.4m in-kind contributions from the automotive industry.

The project is developed through the Automotive Council's Business Environment and Skills Group and is expected to bring together automotive businesses to ensure the employment needs are met for UK vehicle manufacturers and supply chain companies.

The investment is expected to increase Employment in the automotive industry and boost production volumes.

Vince Cable said: "This investment puts our automotive sector in the driving seat to design the skills our manufacturing companies need.

There is a risk that without adequate investment in skills, the industry will run into serious skills bottlenecks.

"Through our industrial strategy we are working in partnership with the automotive sector as it goes from strength to strength.

"We are providing businesses with the confidence to invest and to create high skilled jobs."

British auto makers to be a part of the initiative includes Aston Martin, Bentley, BMW, Ford, General Motors, GKN, Honda, and Jaguar Land Rover.

Source: http://greenvehicles.automotive-business-review.com/news/uk-government-and-automotive-industry-invests-30m-to-boost-skills-investment-220115-4495139
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UK Government and Automotive Industry Invests £30m to Boost Skills Investment
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