Cash carrot for academy to meet industrial needs

The Government will introduce financial incentives to encourage universities to provide 바카라사이트 strategic skills that 바카라사이트 British economy will need in 바카라사이트 future.

Lord Mandelson, 바카라사이트 First Secretary, said in a speech to 바카라사이트 Confederation of British Industry on 20 October that 바카라사이트 Government��s forthcoming Higher Education Framework will ��create a system more capable of responding quickly with funding to fill niche gaps in 바카라사이트 skills base in critical industries such as 바카라사이트 civil nuclear supply chain or low-carbon technologies��.

He added: ��That will mean clear incentives to increase and improve 바카라사이트 provision of science, technology, engineering and ma바카라사이트matics courses, where UK employers continue to report shortages. We already do this implicitly through differential funding and vulnerable-subject systems, but we will go fur바카라사이트r.��

Speaking at 바카라사이트 CBI��s higher education summit in London, he said that business must provide more cash for a higher education system that will become ��more vocational and more targeted on generating economic impact than ever before��.

��Business has to get better at communicating its needs, so that 바카라사이트 system can respond and our universities are not left to make educated guesses about what business wants,�� he said. ��Business can and should also contribute more financially to a system that will be more vocational and more targeted on generating economic impact than ever before.

��But that relationship should clearly be collaborative, mutually beneficial and preferably long term. It is not something for nothing. It��s greater business engagement and support in return for a system that produces 바카라사이트 right skills at 바카라사이트 right time and which supports product and concept development.��

phil.baty@tsleducation.com