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

Exclusive: London bus drivers’ ‘dignity’ at risk as strikes loom over welfare concerns

London bus drivers raise concerns over fatigue and lack of facilities as potential strikes escalate long-standing welfare issues.

Whistleblowing reports ‘surge by up to 250 percent’ at councils as new rights take effect

Whistleblowing cases are rising across UK councils as stronger workplace protections come into force, though concerns remain about underreporting of serious issues.

Bullying and harassment to become regulatory breaches under new FCA rules

New rules will bring bullying and harassment into regulatory scope, as firms face rising reports of workplace misconduct.

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.
- Advertisement -

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.

Must read

Ronni Zehavi: The ‘quitting economy’ – how HR can ensure businesses stay competitive in a new environment

"To attain a ‘Google Earth’ view of the workforce, HR are turning to analytics."

Anji Adams: Success of field sales is down to good HR

Field sales is a relatively unsung sector, but it is...
- Advertisement -

You might also likeRELATED
Recommended to you