In the Autumn Budget 2017, government announced the creation of the National Retraining Partnership. The partnership exists between the CBI, TUC, Department for Education and the Treasury, with the purpose of developing the National Retraining Scheme – which works to upskill employees, close the skills gap and prepare the UK workforce for the realities and opportunities associated with automation.
The CBI’s inclusion in this partnership is a significant win for business, as it ensures that UK businesses remains consulted on the development of the National Retraining Scheme. This keeps the scheme closely relevant to the evolving needs of business and the rapidly changing working environment.
The CBI will use its role in the partnership to amplify the voice and views of members, as part of our wider campaigning to tackle the UK’s widening skills gap.
The government will enter into a formal skills partnership with the Trades Union Congress and the Confederation of British Industry, to develop the National Retraining Scheme. Together they will help set the strategic priorities for the scheme and oversee its implementation, working with new Skills Advisory Panels to ensure that local economies’ needs are reflected.— Budget 2017