New funding to help small and medium sized engineering firms boost skills
The Government has announced a new funding initiative for small and medium sized engineering firms to help their businesses grow.
The funding forms a part of the government's work to put employers in the driving seat when it comes to skills and support British engineering to grow and compete.
Engineering companies with fewer than 250 employees will be able to apply for a share of the first £2.5 million of a £10 million match funding pot to develop innovative company-specific training.
The funding is simple to apply for and successful bidders can receive their funding offer within less than 5 weeks of applying.
The funding will be more accessible to smaller firms and will see the minimum funding threshold being lowered from £40,000 down to £10,000. Companies will also be able to include staff wage costs as part of their project costs.
Applications will remain open until 27th February 2015, or until funds are allocated.
For more information please visit:
https://www.gov.uk/government/publications/employer-ownership-improving-engineering-careers-smaller-companies
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