Apprenticeships: A Pathway to Economic Growth on the Isle of Man

University College Isle of Man (UCM) has partnered with the Manx government's Skills Board to host a pivotal session during National Apprenticeship Week. This event, featuring a panel discussion led by Olly Newton, Executive Director of the Edge Foundation, aimed to spotlight the role of apprenticeships in bridging skills gaps across various industries on the…

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Apprenticeships: A Pathway to Economic Growth on the Isle of Man

University College Isle of Man (UCM) has partnered with the Manx government's Skills Board to host a pivotal session during National Apprenticeship Week. This event, featuring a panel discussion led by Olly Newton, Executive Director of the Edge Foundation, aimed to spotlight the role of apprenticeships in bridging skills gaps across various industries on the Isle of Man. As a cornerstone of economic development, these programs offer crucial "study and work opportunities" necessary for sustaining the economies of smaller communities, such as those found on islands or rural villages in the UK.

The session underscored the critical need for apprenticeships, especially in light of increasing skill shortages in key sectors. Mr. Newton, who spent over a decade at the UK's Department for Education, emphasized the importance of addressing these gaps through targeted educational schemes.

"Across the British Isles, and globally, we've got real shortages in areas that are going to become increasingly important, like healthcare." – Mr Newton

Apprenticeships not only provide on-the-job learning but also offer businesses a strategic opportunity to cultivate a future workforce tailored to their needs. This aspect is particularly vital for Manx firms seeking growth and stability.

"On-the-job learning" was a "chance for businesses to pass on their knowledge to the next generation" and think about "the pipeline of staff they want in the future," he added. – Mr Newton

Last year, grants for the Apprenticeship and Vocational Training Assistance schemes saw an increase, bolstering recruitment efforts for firms across the Isle of Man. This financial boost exemplifies the government's commitment to supporting local businesses and enhancing employment prospects for young people through practical training opportunities.

National Apprenticeship Week serves as an annual reminder of the transformative power of apprenticeships in developing skilled professionals. The event's panel discussion provided a platform for experts like Mr. Newton to share insights on leveraging these programs for economic benefit. The Edge Foundation continues to champion initiatives that equip young individuals with the skills required for future success.

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