£2.4m for manufacturing skills
THE Manufacturing Institute is launching a £2.4m support programme for small and medium-sized manufacturers in the North West.
The institute said it will seek to improve skills at 900 firms over the next three years through leadership and management masterclasses. There will also be guidance and development on growth opportunities.
The institute’s chief executive Julie Madigan said: “With an estimated 587,000 workers set to retire from manufacturing over the next decade, there is an urgent need to drive up skills levels to replace the expertise that the sector will lose.
“We’re also seeing a growing trend towards technical and professional skill levels and yet smaller businesses often lack the resources and knowledge needed to take these forward. Through skills development, individual coaching and bespoke support, this programme aims to tackle these issues head on and maximise smaller manufacturers’ chances of success.”
The programme has been funded by the Manufacturing Institute and the European Regional Development Agency. The institute estimates it will create or safeguard 1,000 jobs and add £10m to the regional economy.