The Edge Foundations new report published today on the UK’s skills shortages shows an estimated 600,000 vacancies in digital technology are costing the country £63 billion a year.
Let that sink in a moment.
600,000 tech vacancies, but GCSE entries in IT and computing down 11% in last year – is the #EBacc costing the UK economy £63bn a year?
Latest government figures show that there are at least half-a-million young people aged 16-24 who are unemployed, and some estimates put the figure significantly higher. At the same time, businesses are clearer than ever about the scale of skills shortages now and the impact of the Fourth Industrial Revolution and Brexit in causing them to grow further.
New research highlighted in the report from City and Guilds, suggests that nine out of ten UK employers struggle to recruit and two thirds predict that skills shortages will stay the same or get worse in the next three to five years. This is reinforced by growing proportions of manufacturing and services firms reporting recruitment difficulties in the British Chambers of Commerce Quarterly Economic Survey.
techUK also highlight that there are an estimated 600,000 tech vacancies in the UK, a figure predicted to reach 1 million by 2020. Fifty-two percent of digital businesses report that vacancies are hard to fill and this is costing the UK economy an estimated £63 billion per year in lost additional GDP..
Olly Newton from the Edge Foundation added
‘If the government is not persuaded by the educational case for curriculum change in our schools, then the economic argument is incontestable. This report summarises the skills crisis in the tech industry and it’s not going away without some bold measures in our schools, colleges, universities and workplaces.’
Read the full report here
Originally funded by Nationwide, Education Business Partnership’s Financial Awareness programme has been developed for students in Year 10 upwards and is aimed to increase student’s financial awareness and understanding.
Business volunteers from a financial background and who help people manage their money daily, volunteered to help the students and support delivery of the workshops.
“A great way to get young people thinking about finances early and plan accordingly” Business Volunteer
To date they have successfully delivered our Financial Awareness programme to over 9,500 young people. These impactful workshops are designed to help young people understand the cost of living, salary expectations for different career paths and how to budget income to afford certain lifestyles.
“This has been a brilliant experience, I would love to do it again. It was really eye opening and beneficial to see how much is deducted from your salary” Student
100% of business volunteers said they felt they had made a real difference to young people.
The Girls in Hi-Tech programme aims to address the lack of woman entering high technology business sectors. It gives girls the opportunity to experience the types of roles that are available in the Hi-Tech sector and to hear first-hand from female business ambassadors about their careers.
The programme is delivered over a school term, through a series of hands-on, work-related challenges delivered by three different high technology businesses. Girls in Hi-Tech brings together businesses and schools to show how interesting, stimulating and attractive a career in the Hi-Tech sector can be.
Girls in Hi-Tech raises self-confidence and awareness of career opportunities in technology and engineering as well as significantly raising students’ aspirations.
“It taught me that engineering is also for women, and has inspired me into looking at different career paths” Student
Work experience is one of the most important links between employers and schools/colleges. It provides an opportunity for young people to experience first-hand (and often for the first time) what happens in a working environment.
Each year Education Business Partnership work with their extensive network of employers to source both pre- and post-16 work experience placements for over 1,500 students from schools and colleges across the Thames Valley and Wiltshire. The placements they source help young people develop their employability skills while gaining an insight into working life and potential career opportunities. Students on vocational courses also gain the required first-hand experience to support their studies.
EBP take great pride in tailoring placements to individual students via thier fully-managed service, work experience placements help to inspire young people about their future career, as well as encouraging:
- Increased motivation, self-awareness and confidence
- Better communication, organisation and social skills
- Enhanced awareness of the work environment
- Positive attitudes to work
“I am so lucky to have gained such valuable skills over the past few months such as gaining more confidence so when I am left on my own I know what I am supposed to be doing. I have had such amazing feedback from my placement which just makes it even more special.” Student
The AEBP has been re-constituted from EBPn following 18 months of planning and hard work by a small group of EBPn members.
Fifteen years ago, we were represented by the National EBP network – NEBP. Funding was available from central government for a team of full time staff to keep this body at the forefront of careers, enterprise and employability work. We enjoyed Continue reading “The AEBP History”
Welcome from the Chair:
I am delighted to announce today the re-launch of the National Network for Education Business Partnerships.
Formerly known as EBPn, we have re-constituted and rebranded as AEBP, The Association of Education Business Professionals. We are a membership body comprising of over 55 organisations dedicated to preparing young people for the world of work. Continue reading “Welcome”
The first employability event between Beths Grammar School and EBP Kent, delivered for the benefit of the school’s Year 11 and any Year 12 students who were able to visit the business volunteers at various points of the day. Working with the lead contact at the school, Matthew Neylan, an event was created catering to the student’s future aspirations, general employability skills (interview techniques, job application, for example) and the opportunity to come into contact with a range of education and training providers.
This was a full day event, lasting from 0910 until 1530, taking place on the 26th January 2018. A member of EBP Kent’s Level 6 Guidance staff also attended the event to offer impartial advice to any students still unsure of what their ‘next steps’ might involve. Continue reading “University & Beyond: Evaluation”
Global Community Investment Executive at Clyde & Co LLP
“I began working with Tower Hamlets EBP just over a year ago, however, Clyde & Co’s support for the EBP’s reading programme goes back over a decade and in 2014 we set up our first business mentoring programme with Stepney Green Sixth Form. Continue reading “Business Volunteers, Inspiring Young Lives”
Alumni Ambassador at Tower Hamlets Education Business Partnership
“I first became aware of Tower Hamlets EBP when I was 14 years old. Living in a small estate in East London, I felt limited in my knowledge of education paths and the career routes I could potentially follow.
I then heard about the Lloyd’s Business Mentoring Programme through my secondary school. Continue reading “Alumni Ambassadors”
NYBEP coordinated a ‘World of Work Day’ at Scalby School, Scarborough. The aim of the event for 205 Year 8 students was to help them explore how Maths, English and Science are used in the workplace, as well as highlighting the transferable skills that employers are looking for; ultimately providing them with advice and information to support the option choices process. Continue reading “World of Work #Whatworks”