Treasury puts up money to fund Skills Strategy
A quarter of a million pounds of taxpayers’ money could be spent on helping to ‘accelerate’ projects that will ensure the Isle of Man has a ‘future ready workforce’.
Treasury has agreed to start a new fund which will mean the Isle of Man Skills Board can action its 'skills strategy'.
The three-year plan was backed in Tynwald in May.
The funding means projects which aren’t covered by existing government budgets will be eligible for financial support.
Board chair Peter Reid said: “The new fund will be a catalyst for action and accelerate the delivery of projects to define and close the skills gap.
"This initiative underscores the board’s commitment to addressing the skills challenge ensuring a workforce that meets the needs of employers both now and in the future.”
Government aims to create, and fill, 5,000 new jobs by 2032.
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