Employer Ownership Pilot - £150 million for businesses to build skilled workforce

The second round of the BIS Employer Ownership Pilot launched on 20th November, enabling businesses across the country to bid for a share of a £150 million pot to create the training schemes they need to grow their companies.

Skills Minister Matthew Hancock who announced the extra EOP funding which now totals £250m for rounds one and two, said

“I would encourage businesses – large and small – to be ambitious and innovative in their vision for how the fund can help them grow, from creating new apprenticeship programmes to setting up specialist training academies."

The prospectus sets out the rationale for the scheme in more detail. The vision of greater employer ownership has been championed by the UK Commission for Employment and Skills (UKCES) – a non-departmental public body that provides strategic leadership on skills and employment issues.

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