Pro Installer October 2013 - Issue 07 | Page 57

57 PRO INSTALLER OCTOBER 2013 PRO BUSINESS @proinstaller1 NEW FUNDING FOR TRAINEESHIP SCHEME ANNOUNCED An extra £20m is being made available to the government’s new Traineeships programme to support even more young people into Apprenticeships and other jobs. The additional funding was announced as Skills Minister Matthew Hancock travelled to Nottingham to meet young people already taking part in the scheme. Traineeships, which began in August, provide 16 to 23-year-olds with the skills, experience and confidence to compete in the labour market – helping them secure Apprenticeships or other jobs. More than 500 providers have pledged to take on trainees this year and so far 150 companies, both large and small, have all expressed an interest in offering placements to young people. Skills Minister Matthew Hancock said: “Traineeships give young people the helping hand they need to compete for Apprenticeships and other jobs. “The programme is off to an excellent start with strong backing from employers and training providers. “We have responded to this demand by providing additional investment and in time traineeships will become the clear route for young people looking to get the crucial grounding they need in the world of work.” Traineeships are part of the government’s wider aim to ensure the future workforce possess the skills employers want in their employees. • Very quick turnaround • 25mm and 35mm poly • All rafter cappings scribed and pre-cut - ready to fit • All roofs checked sleaved and bubble wrapped for safe delivery • Free delivery to site • White, Oak, Rosewood, and Mahogany Artisan Colours £456 £1068 For more information http://www. apprenticeships.org.uk/employers/ traineeships.aspx Skills Shortage Problem Is Unique To UK UK small and medium sized enterprises (SMEs) have identified a lack of access to growth capital and skills shortages as factors affecting their businesses. According to research complied by ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants), which found that compared to SME’s in other markets, concerns about skills shortages were expressed almost entirely by those in the UK, with 15% of UK respondents highlighting the issue. Cash-flow problems were also flagged up by the UK’s SMEs, who were almost twice as likely to cite securing late payment as a problem than larger business. Despite SMEs across the globe reporting greater access to growth capital, small businesses in the UK did not see much improvement. Rosana Mirkovic, ACCA’s head of SME Policy, said: “Our global analysis revealed trends that are very specific to the UK SMEs, most notably a skills shortage. Fifteen per cent doesn’t sound like much, but the fact is it barely registered as a problem with the small business communities elsewhere in the world. It is unique to the UK. ‘right now they are facing obstacles that their overseas counterparts are not’ “We keep hearing that same old cliché about SMEs being the lifeblood of the UK economy, but right now they are facing obstacles that their overseas counterparts are not. In the USA, for example, access to growth capital has increased considerably over the last 21 months. That’s not the case in the UK.” £908 Blue Active £585 £497 £946 £881 Log online to view our new EZI Consevatory Roof Quote System