4 October 2021
Following the announcement today from Rishi Sunak that the Government is “throwing the kitchen sink” at helping unemployed Britons through a £500 million expansion of job support, the Association of Professional Staffing Companies (APSCo) has warned that this investment alone won’t solve the UK’s skills crisis.
Tania Bowers, Legal Counsel and Head of Public Policy at APSCo commented:
“While the additional funds are a welcome move, our concern is that these initiatives need to have the appropriate financial support, backing and processes that are required to make them wholly successful. The Kickstart Scheme, for example, received a wealth of interest initially, but the success has been limited, largely due to the over-lengthy processes that are in place. As a case in point, of the roles APSCo submitted on behalf of its members to the scheme, just 22% were filled, with a number of staffing companies still waiting on any referrals at all. If these additional funds are to have the desired impact, they need to be directed appropriately and with the guidance of those that will be most impacted by developments to ensure they work.
“We are also concerned that many of the initiatives – including the investment in skills and the changes to visa requirements – remain focused on the creative industries. There needs to be a clear plan that supports core skills development across all professions in the UK and, as APSCo outlined in its main asks of the Autumn Budget, investment needs to be channelled into not only appropriate skills development, but also the growth of regional high-tech hubs in areas including Newcastle and Sheffield.
“We’re also concerned that the flexi-job apprenticeship schemes which are due to start next year won’t have the desired impact unless they are managed and co-ordinated in a way that makes them more attractive to businesses and individuals alike. It’s crucial that the additional funds the Chancellor aims to use to support those in or facing unemployment aren’t wasted and are, instead, used wisely to deliver truly impactful results.”
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.