Around 200 graduates are expected to be recruited in the advanced manufacturing and engineering (AME) sector after funds to support their employment and training were announced today.
Semta, the sector skills council for science, engineering and manufacturing, submitted a proposal to the UK Commission for Employment and Skills (UKCES) to provide small and medium-sized companies with the grants to support the employment and training of graduates via its Employer Investment Fund (EIF).
According to a statement, the UKCES has now awarded a contract to Semta that is planned to deliver reductions in youth unemployment by March 2013, with at least a third of the opportunities in Scotland, Wales and Northern Ireland.
Lynn Tomkins, Semta’s UK operations director, said: ‘This money will make a real difference. Only 15 per cent of small and medium-sized enterprises in AME employ graduates. Our ambition is to see this rise to 17 per cent over the next three years.
‘It will take 200 young people off the unemployment register and into paid and productive employment, resulting in them becoming economically active and contributing to UK plc.’
Semta has been delivering incentivised training and support for apprentices through the EIF but this is the first time grants have been available to specifically help graduate recruitment.
Details on how to apply for grants can be found here.