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Capital grants,textile growth fund plan and new Pre

23-04-2014   


Capital grants for companies and Textile growth fund plan

The Textile growth programmes aim is to secure the future of textile manufacturing in the UK. The programme is a large scale procedure that has a £46.8 million resource that is also backed by £12.8 million from the Regional Growth fund. The programme is designed to help companies of all sizes and can cover up to 25% of all investment costs that include improving workforce skills, innovation and machinery.

The capital grants can cover a wide range of needs including land and building acquisition, site investigation, machinery and also professional fees and salaries. Its training grants also include extensive cover for qualifications in the national qualifications curriculum framework from entry to level 4. Other professionally recognised training qualifications such as fellowship and associate accreditation are also covered, Level 5 and above are also eligible for grants as well as training as part of apprenticeship schemes.

The growth fund concentrates heavily on development to which research is considered crucial and both internal and external research can receive grants to be carried out in the most productive way possible.

The programme does however have it rules that organisations need to understand. These constitute of mainly the limit of costs that include paying for all project activity by the 30th June 2015 and that the maximum grant value can be 2 million per project.

 

How is the new Pre-Apprenticeship programme and funding reform going to work?

The Pre-Apprenticeship programme has been devised in order to help members recognize potential in young people so they can make fairer judgments on whether they feel that the young people are ready for employment and to also help the young people make a decision on whether they would like to pursue the apprenticeship.

The programme offered by the Textile Centre of Excellence consists of first of all providing health and safety training for the candidates to which the candidates are then assessed on their abilities for a time period of four weeks while working. Wage costs are covered by the programme for the first four weeks to ensure that at the end of the four weeks there will be a job interview for the candidates to help the member make a decision on whether to employ the candidates.

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The funding reforms have been instigated by the government primarily just to create a simpler process for Apprenticeship funding.The reform first of all will work by using an online portal on the .gov.uk website to register Company apprentices and apply for funding in their on-line credit account. The next stage is to find out their contribution to training costs and then deposit it into their account which will then trigger the government contribution into the account. Eligibility for funding will also need to be thoroughly checked such as different age categories will be eligible for different amounts of funding. Companies would then negotiate a contract with a training provider and an assessment provider. An online account will then make it easy for payments to be made to training and assessment providers even though 60% of assessment will be carried out after training. Achievements of the apprentices are reported online for the assessment provider to verify it to the funding agency.  This then links to the website and triggers the release of the final payment to the employer into their apprenticeship credit account which the employer will then be able to withdraw.

 

 




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