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Investment criteria

Full investment criteria, application forms and guidance will be available towards the end of February 2012 on the pilot website

Applications to the pilot will be assessed in broad terms against the objectives for the pilot, on page 5. The specific investment criteria will focus on the following areas:

Economic benefit and value for money – proposals should demonstrate their potential for increasing the impact of work readiness, workforce development and Apprenticeship activity and for this to have a tangible impact on employer performance and growth. Only economic benefits which are deemed to be additional to what would happen without Government support will be counted. It is therefore essential that proposals clearly demonstrate how the proposed projects achieve a step change in the scale, quality and relevance of training and skills developed

Innovative approaches to skills and workforce development – proposals should demonstrate how they address strategic skills needs and demonstrate how this solution is new or an improvement on existing options for delivering training. Proposals should explain why existing training options are considered unfit for purpose and clearly identify the aspects of the project which are new and innovative. This may involve changes to the content of training but could also be a new delivery method or a set of partners collaborating together for the first time

Feasibility – proposals should demonstrate strong employer leadership and set out levels of employer investment alongside public investment. They will need to demonstrate a robust, achievable and adequately resourced plan for developing and implementing the training. The proposal should show that a strong team with a positive delivery track record will lead the project and that strong and appropriate partnerships have been forged to deliver the solution

Quality – proposals should demonstrate how a high quality experience for the employer and learner will be delivered and how the breadth and depth of learning will be provided. Proposals should explain the steps that will be taken to ensure that those undertaking the training or preemployment opportunity will be supported to gain the most from the experience, for example through employee engagement, relevance of training and partnership arrangements.

The Investment Board will review applications and select those that fit most closely with the published investment criteria. The Board will also seek to fund a balanced portfolio of projects across a range of skills development activity, sectors, geographical location and company size.

Please click here to view the Prospectus (PDF, 544 Kb)  


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