Employee Ownership Pilot makes 150 million GBP pot available to businesses

A government initiative has been announced that will allow businesses to bid for a share of a £150 million pot to create the training schemes they need to grow their companies.

The fund, announced by skills Minister Matthew Hancock, is the second round of the Employer Ownership Pilot (EOP) which is already giving nearly £70 million to companies including Nissan, Whitbread and GE Aviation, with projects ranging from extending skills training to local suppliers, to doubling the number of female apprentices.

Government investment in EOP for rounds one and two now totals £250 million.

Hancock says, ‘For Britain to compete we need as a nation to deliver the skills employers need. This is a unique opportunity for companies across all industries to secure their futures by addressing their skills needs now.

‘I would encourage businesses – large and small – to be ambitious and innovative in their vision for how the fund can help them grow, from creating new apprenticeship programmes to setting up specialist training academies.’

Find out more here at Growth Business