Clock ticking on £30m engineer supply pot

The Institution of Gas Engineers & Managers has warned that time is running out for companies to access a £30m government fund to increase the supply of engineers in the UK.

Back in June, then Skills and Enterprise Minister Matthew Hancock announced a huge investment to increase the supply of engineers, establish training programmes and address engineering skills shortages in smaller companies.

The announcement forms part of the government’s Employer Ownership Fund that enables employers to design training projects that can address skills shortages holding back their business, providing 50% match funding to employers.

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IGEM’s membership manager, Claire McHugh, said employers should look closer at potential opportunities for their employees.

She said: “This scheme is open to any company which directly employs people in engineering occupations where company growth and development is being held up by skills gaps.”

Employers, she added, must act fast as the fund is only open until 5th December 2014.

A third of the fund will be devoted to developing women engineers, a third will go towards improving the careers of engineers and another third will be made available to develop engineering skills in smaller companies.

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