Cash incentive for manufacturers to create 200 full-time jobs for graduates

-

An additional 200 graduates are expected to be recruited by businesses in the advanced manufacturing and engineering sector across the UK after funds to support their employment and training were announced today.

Semta, the sector skills council for science, engineering and manufacturing submitted a proposal to the UK Commission for Employment and Skills (UKCES) to provide small and medium sized companies with the grants to support the employment and training of graduates via their Employer Investment Fund (EIF).

The UKCES has now awarded a contract to Semta which will deliver genuine reductions in youth unemployment by March 2013, with at least one third of the opportunities in the devolved nations – Scotland, Wales and Northern Ireland.

Semta’s UK operations director Lynn Tomkins said: “This money will make a real difference. Only 15% of SMEs in Advanced Manufacturing and Engineering (AME) employ graduates. Our ambition is to see this rise to 17% over the next three years.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

“It will take 200 young people off the unemployment register and into paid and productive employment, resulting in them becoming economically active and contributing to UK Plc.”

Semta has been delivering incentivised training and support for apprentices through the EIF but this is the first time grants have been available to specifically help graduate recruitment.

Andy Robinson, MD of Autotech, said the incentive would mean firms like his could work with Semta to recruit with confidence and more quickly than might otherwise have been the case.

Autotech is an SME that design, install, maintain and upgrade electronic control systems and specialising in logistics, automotive, airports, food beverage, facilities and manufacturing who have barriers attracting the right people to meet business needs.

Mr Robinson said: “We need up to six engineering graduates to help us meet business needs and to help bring new skills into our operation. This project will go a long way to helping us achieve our aims.”

Latest news

Helen Wada: Why engagement initiatives fail without human-centric leadership

Workforce engagement has become a hot topic across the boardroom and beyond, particularly as hybrid working practices have become the norm.

Recruiters warned to move beyond ‘post and pray’ as passive talent overlooked

Employers risk missing most candidates by relying on job boards as hiring methods struggle to deliver quality applicants.

Employment tribunal roundup: Appeal fairness, dismissal reasoning, discrimination tests and religious belief clarified

Decisions examine appeal failures, dismissal reasoning, discrimination claims and religious belief, offering practical guidance on fairness, causation and proportionality.

Fears of AI cheating in hiring ‘overblown’ as employers urged to rethink assessments

Employers may be overstating concerns about AI misuse in recruitment as evidence of candidate manipulation remains limited.
- Advertisement -

More employees use workplace health benefits, but barriers still limit access

Many workers struggle to access employer healthcare support due to confusion, costs and unclear processes.

Gender pay gap in tech widens to nine-year high as AI roles drive salaries

Women in IT earn less as salaries rise faster in male-dominated AI and cybersecurity roles, widening pay differences.

Must read

Claudia Abell: Reward your growing business

Can bringing dedicated interim reward expertise into a growing business help it accelerate still faster?

Case Study: Cadbury Schweppes Flexible Benefits Package

In an exclusive article Sue Laverick, UK Employee Benefits Manager, Cadbury Schweppes, discusses the benefits of her organisation's flex scheme.
- Advertisement -

You might also likeRELATED
Recommended to you