Mind the Gap - The £5 Billion Black Hole in Skills

A recent report from SQW, a leading UK-based consultancy specialising in economic and social research, which was commissioned by Enginuity, estimates the skills gap is costing the sector about £5.2bn each year.  Steph is joined by Cathryn Moses-Stone, Senior Policy and Public Affairs for Enginuity, and entrepreneur and former SME managing director James Greenham, to discuss this new research and dig into the realities that this economic impact is having on manufacturing and engineering SMEs. 00:00 Welcome and Guests00:42 Why Measure the Skills Gaps?02:35 The Reality of Hiring as an SME04:58 The £5.2 Billion Black Hole06:23 Productivity and Apprenticeships07:45 SME Constraints10:12 Navigating Skills Reform12:48 Grants and R&D Tax Credits14:07 Fixing Vocational Education14:52 Networks and Final Takeaways Get in touch with us at sospod@enginuity.org Hosted on Acast. See acast.com/privacy for more information.