Over 40% of UK employers planning to increase investment in skills

More than 40% of UK employers are planning to increase investment in training compared with pre-COVID levels, according to the 2021 Confederation of British Industry (CBI)/Birkbeck, University of London Education and Skills Survey.

16 Jul 2021

More than 40% of UK employers are planning to increase investment in training compared with pre-COVID levels, according to the 2021 Confederation of British Industry (CBI)/Birkbeck, University of London Education and Skills Survey.

The survey, which was completed by 252 respondents, shows how businesses are responding to accelerating changes to work.

It showed that over the next three to five years companies expect to have greater need for people with skills at all levels.

Employers most expect the need for other workplace skills unattached to qualifications – such as communication and teamwork - to increase. However, respondents are the least confident about meeting these skills needs.

The CBI Education & Skills Survey is published against a backdrop of many companies struggling to fill vacancies, as the economy reopens rapidly from the pandemic.

Matthew Fell, CBI Chief UK Policy Director, said: 'Firms are currently facing a perfect storm of staff shortages worsened by rising levels of self-isolation. They're taking immediate steps to resolve this, investing in skills and automation and strengthening inclusion. But the Government needs to play its part too on skills and immigration.

'To support individuals to gain new skills, the government should make flexible, bitesize training more accessible before the Lifelong Learning Entitlement is introduced in 2025.

'Building closer local links between employers and education providers will also be key to supporting every UK region and nation to thrive and ensuring our economy can fire on all cylinders.'

Free Consultation

Get in touch with us today for a fresh perspective and a free consultation.

Connected Accounting

Providing simple to understand accounting services for private and business clients with a hands-on approach. Building strong long-lasting relationships that you can trust.

Connected Accounting Limited | Registered Number: 09617704 | Registered Office: St Albans office

St Albans

Contact Details

London Office:
Connected Accounting, 107-111 Fleet Street, Blackfriars, London EC4A 2AB
St Albans Office:
Connected Accounting, Fountain Court, 2 Victoria Square, Victoria Street, St Albans AL1 3TF .

Call us: 01727 537 160

2021 WFA Winners

Reviews and Ratings for Accountant Samuel Troy, Tonbridge
Home | Our Pricing | Resources | Contact us | Accessibility | Disclaimer | Privacy | Help | Site map | © 2021 Connected Accounting. All rights reserved. We use cookies on this website, you can find more information about cookies here.