Adult Skills Fund: Major Overhaul of Adult Education Funding for 24/25
The Department for Education has announced significant changes to adult education funding in England, with the current Adult Education Budget (AEB) transitioning to a new…
The much anticipated Skills for Jobs FE White Paper was launched on 21 Jan 2021.
Highlights of the new measures are:
The Strategic Development Fund will invite proposals for College Business Centres. Located within existing colleges, these new Centres will support growth and innovation in key sectors of the local and national economy. They will focus on supporting local businesses to increase their levels of innovation and productivity by better meeting and driving demand for technical skills; by harnessing business intelligence to improve education provision; by supporting employers to understand how investment in skills, new technology and innovative practices can drive increased productivity; and by nurturing entrepreneurial talent.
Employers will be at the heart of the system, helping to develop tailored plans that will meet local skills needs and co-designing high quality technical education
Reforms will enshrine the flagship Lifetime Skills Guarantee so everyone can get the skills they need, when they need them, and secure jobs with higher wages that support the economy
The landmark reforms that will transform post-16 education and training, boost skills and get more people into work, have been published today (21 January) by Education Secretary Gavin Williamson.
The government’s Skills for Jobs White Paper enshrines the Prime Minister’s new Lifetime Skills Guarantee, setting out a blueprint for a post-16 education system that will ensure everyone, no matter where they live or their background, can gain the skills they need to progress in work at any stage of their lives.
The Lifetime Skills Guarantee which was launched by Boris Johnson at Exeter College in September 2020, will offer tens of thousands of adults the opportunity to retrain in later life, helping them to gain in-demand skills and open up further job opportunities. This includes the chance for adults without a full level 3 qualification (A-level equivalent) to gain one from April 2021 for free in a range of sectors including engineering, health and accountancy.
Meanwhile, Skills Bootcamps – free, flexible courses of just 12-16 weeks – are giving adults the opportunity to build up sector-specific skills and fast-track to an interview with a local employer. A Lifelong Loan Entitlement will also make it easier for adults and young people to study more flexibly, which can be used over their lifetime and for modules of a course.
The measures announced today will put an end to the illusion that a degree is the only route to success and a good job, and that further and technical education is the second-class option. Instead, they will supercharge further and technical education, realigning the whole system around the needs of employers, so that people are trained for the skills gaps that exist now, and in the future, in sectors the economy needs, including construction, digital, clean energy and manufacturing.
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