Over £795m Generated Back into the Economy thanks to Workplace Learning

Over £795m Generated Back into the Economy thanks to Workplace Learning

A latest independent report has hailed Workplace Learning as a huge success; the £35m project has supported over 6,000 businesses and enabled over 29,000 employees throughout the North of England to access fully funded training. The most positive findings to come out of the evaluation show that employers consistently report that Workplace Learning has generated more positive outcomes then they had originally anticipated, and has therefore over delivered against expectations.

Benefits to Employees:

Satisfaction amongst employees was very high, with an impressive 96% of individuals stating that they were satisfied with the training and most reported that they have developed new skills; 80% of employees have used these skills and/or knowledge in their day to day job. The key findings to come out of the evaluation are that overall the training has exceeded employees’ expectations and their confidence in their ability to learn has improved considerably.

Benefits to Employers:

More than 90% of employers provided positive feedback on the sector-specific relevance, up to date content and the quality of the training. As a direct result of the project, employers have trained staff to a higher level and trained those individuals who would not have received training otherwise. Because of this skill levels in the workplace have developed and the day to day running of the businesses has improved.

The feedback from employers has been overwhelmingly positive. One business that benefitted was Viable SEO, who accessed the funding through Enterprise Made Simple.

Helen Turley, Owner of Viable SEO commented: “The Going for Growth course I undertook has had quite a big impact on the business, primarily with my confidence but also internally within the business; it’s really helped the company thrive.”

Economic Impact:

Over the full working life of all the employees who have accessed funding the estimated Net Present Value (NPV) is £795m, a very significant return on the contract value of £35m. The Workplace Learning project has resulted in an above average return on investment, and for every £1 of funding claimed, £22 worth of economic contribution will be generated, higher than the national average amount.

Principal and Chief Executive of Calderdale College John Rees, comments on the positive findings to come from the evaluation:

“The results of the evaluation show that Workplace Learning has been extremely well received by employers and employees. It highlights the continued importance of investing in skills and builds on the significant results we’ve achieved for the region and beyond over the last 10 years. I am delighted that Calderdale College and our partners were able to contribute to the significant results showcased in these reports.”

Visit our dedicated page here to access the full report.

Hear from one of our providers, Enterprise Made Simple about the Impact of Workplace Learning:

The project, which was funded through the European Social Fund and co-financed by The Skills Funding Agency has supported over 6,000 businesses and enabled 28,861 employees throughout the North of England to access training and develop skills, ensuring that staff are given the support to progress, and businesses are able to build stronger and more productive workforce.

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