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More funding for SME training announced

Nov 27 2007

The government has announced it is to double investment into its Train to Gain programme.

The news comes as part of an investment programme launched by the secretary of state for innovation, universities and skills, John Denham

Over £11 billion is to put into employment, education and training, the government has said.

Funding for SME management training will increase from £4 million per annum to £30 million per annum. This will support some 60,000 key directors and managers in around 42,000 companies over the next three years.

Skills minister David Lammy says: 'The increased investment in developing the leadership and management capacity in our SMEs will build a sense of mission at the heart of our communities, making their companies more profitable.'

Part funding will also be available for those doing a second full level 2 qualification while funding for level 3 will be increased nationally.

Skills for Life training will also be supported as a stand alone offer as well as part of a full level 2 qualification.

The Train to Gain programme has over 53,000 employees signed up while it has enabled over 240,000 employees to undertake training to date.

For more information visit www.traintogain.gov.uk

 
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