The budget presented on 27 October by UK Chancellor Rishi Sunak, plans to boost training by injecting billions of pounds into the skills fund. The executive's objective is to support economic growth by offering more training opportunities for those from age 16. This boost comes after the government launched its first training "revolution" in May 2021 by way of the Skills and Post-16 Education Bill, which is still in the process of being passed (c.f. article No.12524).
The government announced that funding for skills will be augmented with a new investment of £3.8 billion (€4.49 billion) by 2024-2025, raising the overall budget by +42% or +26% in real terms (excluding inflation) when compared with the amount invested over 2019-2020 period. “This envelope will quadruple the number of places on Skills Bootcamps,” the budget document said. Skills Bootcamps are free, flexible courses of up to a maximum of 16 weeks aimed at those aged 19 and over, either employed
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