Semta: Transforming the skills and productivity of the supply chain companies current workforce
This SEMTA project will contribute to the vision of the science and engineering sector becoming world class by improving the productivity and competitiveness of 20,000 small and medium supply chain companies
The investment will :
- Identify the skills and capabilities required for growth and increased productivity by supply chain Small Medium Enterprises (SMEs)
- Develop a tailored ‘Capabilities and Skills for Growth Assessment’ model and delivery to 2,200 supply chain companies
- Provide initial research into what financial support is required to drive SME investment in training exploring the benefits of an Enterprise Funding Model offering an ‘up front’ loan or National Insurance/Tax holiday or refund.
Return On Investment
- Evidence of Increased Employer Investment in training for up to 25,000 employees
- Identification of capability requirements for each sector within the Semta footprint
- 1,000 companies engaged in High Performance working resulting in increased productivity and reduction in Skills Gaps
- Increase GVA
- Increase the number of companies investing in skills
UK Commission investment: £1,894,228
Employer/Other Investment: £2,000,000
Employer/Other in-kind investment: £0
Further Information
For more information about this project please contact:
Website: http://www.semta.org.uk
Contact details: http://www.semta.org.uk/contactus
