Following the announcements unveiled today in the Comprehensive Spending Review, the Chartered Management Institute (CMI) has welcomed the Chancellor’s focus on skills and the education as a route towards economic growth.
However, as the voice of the UK’s management and leadership community, CMI is concerned that the extensive budget reductions affecting the Department for Education and BIS will adversely affect the quality of talent available to employers.
Petra Wilton, director of policy and research at CMI, says: “There can be no doubt that cuts are necessary, so it is against this backdrop that we applaud the Chancellor’s decision to offset some of today’s announcements with recognition that improved skills and education are vital to our collective future economic security and prosperity.
“His actions have been designed to ensure that employers and learners make a greater contribution towards funding skills development. However the reduction in funding for both higher and further education will affect the volume and quality of education offered each year and with this, we are likely to miss out on developing the management skills needed to help grow business and bring Britain back on a sound financial footing.”
“Of course, it is great news that the Apprenticeship Programme receives an additional £250 million to help create 75,000 additional places, but questions remain about employer attitudes towards apprentices. The onus must now be on Government, professional bodies and employers to find a way of knocking down barriers that prevent further uptake and to work together to ensure that, whichever education route is chosen, employers have as wide a talent pool as possible to build for the future.”
Against this backdrop, CMI is calling on the Government to:
work through key partners, including professional bodies, to help engage employers and learners so that the commitment to develop skills is shared and recognised by all
ensure the skills needs of the current workforce are addressed so that employers are able to build for recovery now, not just rely on the future
retain high quality leaders and managers to help drive the efficiency savings and reforms across the public sector. Source: CMI
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