Analysis conducted by the CBI and McKinsey & Co prior to the Coronavirus pandemic found that 90% of the UK’s workforce will need to acquire new skills by 2030, placing reskilling high on the priority list of both businesses and the government. Meanwhile the pandemic has created a more challenging labour market which has only exacerbated the national reskilling issue.
The latest CBI reskilling report estimated that the UK will need £130bn of additional funding to meet these skills demands and business and government alike will have to increase their investment to support the training and development of the UK workforce. A new and more flexible type of provision to support this transition will also be needed.
The aim of this session is to understand how UK businesses and education providers are planning for and tackling the UK’s reskilling challenge.
In this session we would like to explore the following questions with members: