Growth and Innovation Fund
The Growth and Innovation Fund (GIF) is currently supporting 37 employer-led projects aimed at levering in greater investment in the skills our economy needs to fulfil its growth potential. Public investment in this portfolio of projects totals £41m which has been more than matched by £55m of investment by employers.
Applications to the Growth and Innovation Fund are reviewed periodically by the Growth and Innovation Fund Board, who meet to make decisions on which projects to support.
GIF aligned with Employer Ownership Pilot
We have now aligned the fund alongside the Employer Ownership of Skills Pilot, so that potential applicants will be able to engage with a single process to put forward integrated proposals, rather than having to apply separately to both funds.
The aim is to encourage employers to bring forward powerful, integrated, proposals for industrial partnerships to take wider responsibility for skills development in a place or sector. As well as covering the cost of training places (as supported by the first round of Employer Ownership Pilot), proposals could include investment in underpinning arrangements to ensure skills needs are better met, such as new employer networks, skills frameworks and training delivery mechanisms (as supported by GIF).