Treasury has agreed to make a substantial £250,000 fund available to the Isle of Man Skills Board so it can action its Skills Strategy.
The new fund has been established to “accelerate the delivery of important projects” that develop people’s skills and ensure a future ready workforce.
Individual projects that will accelerate the delivery of actions outlined in the strategy and which aren’t covered by existing Government budgets will be able to apply, as long as they have defined and measurable outcomes.
Skills Strategy
Peter Reid, the Board’s Independent Chair, 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.”
Tackling the skills shortage across multiple sectors is a key objective of both the Island Plan and the Economic Strategy that aims to create and fill 5,000 new jobs by 2032.
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