COVID-19 Labour Market Insights - May 2022 - Skills Development Scotland
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Contents Introduction Introduction 3 Overview 3 Scotland’s Economy Gross Domestic Product 4 Growth Forecasts 4 Headline Labour Market Indicators Employment Rate 5 Economic Inactivity 5 Unemployment 6 Youth Unemployment 6 Unemployment benefits 7 Job postings 8 Job postings by Local Authority 9 Spotlights Labour Shortages 10 Spotlight on Retail 11 Inflation and the cost of the living 12 SDS Response Support for Individuals and businesses 12
COVID-19 Labour Market Insights 3 Introduction Summary of key points This COVID-19 Labour Scotland’s economy and labour market face even contraction (in March 2022 UK GDP contracted Market Insights report significant headwinds such as inflationary by 0.1 pp) alongside rising inflation. Real incomes are pressures, worker shortages, supply chain set to fall by 3.25 per cent this year, making 2022 the provides evidence on challenges and the cost-of-living crisis. weakest year on record for income growth. This comes the economy and Economic growth is forecast to be subdued and at a time when 4 in 10 households in the UK report labour market focusing output may contract over the mid-term. difficulty paying energy bills, with a similar proportion on Scotland’s buying less food. businesses, people, Labour shortages remain a dominant issue for sectors, and regions. Scottish businesses Cost burdens spiked in April for Scottish firms It summarises the key Scotland’s employment rate increased by 1.4 pp to with businesses reporting accelerating challenges alongside 75.6 per cent, however, the number of people in inflationary pressures the ongoing response employment remained below pre-pandemic levels. The Businesses reported a further increase in output prices from SDS. supply of people in the labour market has been in response to record-high input prices such as fuel, impacted by high levels of economic inactivity, Brexit material, energy and staff costs. The rate of input and and demographic challenges, with labour shortages output price inflation in Scotland outpaced the rest of remaining a dominant issue for businesses in Scotland. the UK. Insight suggests we could see Scottish firms According to the RBS report on jobs, May 2022 marked continue to offset the squeeze on their margins with the fifteenth consecutive decrease in the availability of higher prices for consumers, which may exacerbate the workers, with businesses attributing this to a cost-of-living crisis. reluctance among workers to switch roles and challenges in finding suitably skilled candidates. Whilst businesses optimism remains high in Demand for workers also remains exceptionally high, Scotland, there is growing concern around with just under 69,900 job postings in April 2022 (82 inflation and growth of the economy per cent higher than April 2021). Business optimism remained high but dipped in April as a result of concerns around rising inflation. Scottish The cost-of-living crisis is set to continue in the business confidence was lower than that of the UK medium term for Scotland and the UK overall. Whilst Scotland’s private sector business Inflation reached 9 per cent in May 2022 and is activity increased for the fourteenth consecutive month projected to peak at 10.4 per cent towards the end of in April 2022, indicators suggest Scotland’s economy is this year, marking the highest rate seen since 1982. slowing down, with the UK facing possible contraction The global economy faces turbulent times, with factors in the remainder of the year. such as supply chain challenges, and the conflict in Ukraine impacting global economic forecasts. Economic commentators report that the UK faces a period of ‘stagflation’ with slow economic growth or
COVID-19 Labour Market Insights 4 Scotland’s Economy - Gross Domestic Product (GDP) Scotland’s economy was hard hit by COVID-19, leading to growth in consumer-facing and other services.2 the largest annual fall of Scottish GDP on record. Annual Output in the services sector, which accounts for three-quarters of GDP is estimated to have grown 7.4% in 2021 after a fall of 10% the economy increased by 0.7% in February, with output in the in 2020. consumer-facing services increasing by 2.1% in total. Output in the production sector increased by 0.3% in February, Quarterly GDP estimates whereas output in construction is estimated to have fallen 0.1% Scotland’s GDP in Q4 (October to December 2021) is estimated to over the same period. have grown by 1.6% compared to the previous quarter, revised UK GDP fell by 0.1% in March 2022 (revised down up from the previous estimate of 1.3% in March 2022. from 0.1% growth in February) and is now 1.2% Monthly GDP estimates above pre-pandemic levels.3 Output increased by 0.4% in February 2022, now above the pre- Scotland’s March GDP estimate will be released on 1st pandemic level of February 2020 by 1.3%, driven by strong June 2022. Scotland’s Economy – Growth Forecasts Whilst Scotland’s GDP is now 1.3% above pre-pandemic levels, Scotland’s growth forecasts have also been downgraded, in March economic commentators report that the UK is facing a period of 2022 the Fraser of Allander Institute projected 3.5 per cent GDP ‘stagflation’ with slow economic growth or even contraction growth for Scotland (down from 4.7% forecast in December 2021) predicted along with rising inflation. with moderate forecasts projected for 2023 and 2024. The Office of Budget Responsibility also forecast growth of 3.8% in the mid- The Bank of England’s Monetary Policy Committee May report term.5 expects UK GDP growth to slow sharply over the year reflecting The Scottish Fiscal Commission are due to publish forecasts for the impact of the sharp rise in global energy and goods prices on Scotland’s GDP at the end of May 2022. household incomes and businesses’ profit margins. In an attempt to curb inflation, the Bank of England raised interest rates in early GDP growth forecasts May to 1%, its highest level since the recession in 2009.4 GDP % 2022-23 2023-24 2024-25 Increase The Bank of England estimate that quarterly UK GDP growth was 0.9% in 2022 Q1. The economy is expected to slow with UK GDP FAI (Scotland) 3.5 1.5 1.4 projected to fall in 2022 Q4. Growth is expected to be broadly flat OBR (UK) 3.8 1.8 2.1 in 2023. 1 Scottish Government. First Estimate of GDP: 2021 Q4 (March 2022). 4 Bank of England. Monetary Policy Committee Report (May 2022) 2 Scottish Government. GDP Monthly Estimate: February 2022 (April 2022). 5 Office of Budget Responsibility. March 2022 Economic and Fiscal Outlook (March 2022). 3 ONS. GDP Monthly Estimate, UK: March 2022 (May 2022).
COVID-19 Labour Market Insights 5 Employment Rate (16-64)1 Economic Inactivity (16-64) 1 The 16-64 Scottish employment rate has The 16-64 Scottish economic inactivity rate has increased sharply. decreased slightly but remains high. • The employment rate in Scotland increased by 1.4 pp to • The economic inactivity rate in Scotland decreased by 0.7 75.6% (53,000 people) in the period covering Jan to pp to 21.9% (-24,000 people) in the period covering Jan Mar 2022, compared to the previous quarter. to Mar 2022, compared to the previous quarter. • The employment rate remains higher than at the same • The economic inactivity rate is now lower than at the same point in 2021, having increased by 1.3 pp (42,000 point in 2021, having decreased by 0.3 pp (-12,000 people).* people). Employment Rate Economic Inactivity Rate Scotland UK Scotland UK 75.5% 75.7% 22.2% 22.6% 74.7% 75.6% 21.9% 74.3% 74.1% 21.4% 21.4% 21.2% Apr-Jun Jan – Apr-Jun Jul-Sep Oct-Dec Jan-Mar Oct – JanJan Jul-Sep Oct-Dec – - Mar Jan – Apr-Jun Jul-Sep Oct-Dec Apr-Jun Jul-Sep Oct-Dec Jan-Mar Oct – Jan Jan - Mar– 2020 2020 2020 Mar 2021 2021 2021 Dec 2021 Mar 2022 Mar Dec 2020 2020 2020 2021 2021 2021 2021 Mar 2022 2021 2021 2022 2021 2021 2022 Employment Rate: Longer-term trend Economic Inactivity Rate: Longer-term trend 76.1% 75.7% 23.2% 22.6% 74.5% 22.0% 21.9% 71.8% 75.4% 75.6% 22.3% 72.5% 21.5% 21.4% 71.2% 20.8% 2007 2010 2013 2016 2019 2022 2007 2010 2013 2016 2019 2022 1 ONS. Labour Force Survey (17th May 2022). *Figures may not sum due to rounding.
COVID-19 Labour Market Insights 6 Unemployment (16+)1 Youth Unemployment (16-24)1,2 The 16+ Scottish unemployment rate has The 16-24 Scottish youth unemployment rate has decreased further, remaining historically low. decreased. • The unemployment rate in Scotland decreased by 0.9 pp • The youth unemployment rate in Scotland decreased by 2.1 to 3.2% (-24,000 people) in the period covering Jan to pp to 5.6% in the period covering Jan to Mar 2022, Mar 2022, compared to the previous quarter. compared to the same point in 2021. • The unemployment rate is lower than at the same point • This equates to a decrease of 6,000 unemployed young in 2021, having decreased by 1.2 pp (-33,000 people). people in Jan – Mar 2022 compared to the same period in the previous year. Unemployment Rate Youth Unemployment Rate Scotland UK Scotland UK 4.9% 12.8% 4.1% 4.4% 3.7% 9.7% 4.1% 3.2% 7.8% 5.6% Apr-Jun Jul-Sep Oct-Dec Jan-Mar Oct – Jan Jan Jan – Apr-Jun Jul-Sep Oct-Dec - Mar– Mar Dec Jan – Mar Jan-Mar 2021 Apr-Jun 2021 Jul-Sep 2021 Oct-Dec 2021 Jan- Mar Jan – Mar 2020 2020 2020 2021 2021 2021 2021 Mar 2022 2021 2021 2021 2022 2022 2022 Unemployment Rate: Longer-term trend Youth Unemployment Rate: Longer-term trend 20.4% 7.8% 5.5% 3.9% 14.0% 10.3% 9.7% 7.2% 3.7% 16.5% 5.0% 3.3% 3.2% 11.7% 6.6% 5.6% 2007 2010 2013 2016 2019 2022 2007 2010 2013 2016 2019 2022 1 ONS, Labour Force Survey, (17th May 2022). 2Please note: Youth Unemployment should only be compared to the previous year.
COVID-19 Labour Market Insights 7 Unemployment Benefits – Trends 1,2 People claiming Universal Credit (March provisional data) 483,305 451,187 The number of people claiming Universal Credit in Scotland 373,526 increased from around 373,500 in April 2020 to just under 264,117 451,200 in April 2022 (21%).1 The number of people 152,087 claiming Universal Credit increased by 5,300 (1%) between March 2022 and April 2022. Changes were made to the eligibility criteria for Universal April April April April January January January January July July July October October October Credit during the COVID-19 pandemic which resulted in a marked increase in the number of claimants over this period.3 2019 2020 2021 2022 Claimant Count 185,659 203,943 The seasonally adjusted claimant count declined by around 111,057 124,638 40% from a high of 222,300 in August 2020 to 124,600 in 100,616 April 2022. Most of this change has occurred over the past year, including a decrease of 2,000 or 2% between March 2022 and April 2022. April April April April January January January January July July July October October October 2019 2020 2021 2022 Redundancies 4 redundancies in the three months to The number of people who were made redundant in 6,000** Scotland decreased to 6,000 in the three months to March March 2022 in Scotland 2022 from 10,000 in the previous quarter (-34%) and is 2.7** per 1,000 people (2.5 per 1,000 in the UK) 28% lower than the three months to March 2021. **Estimates are based on a small sample and should be used with caution. 1 Department for Work and Pensions (May 2022). 3 Department for Work and Pensions, Universal Credit: 2 ONS, Claimant Count (May 2022). *Experimental background information and statistics, (February 2022). statistics. 4 ONS, Labour Force Survey (May 2022).
COVID-19 Labour Market Insights 8 Job Postings in Scotland1 Job postings in Scotland remain exceptionally high Job Postings In April 2022, the number of job postings was 82% higher than pre- pandemic levels (March 2020). There was a marked increase from the 84,359 75,729 start of 2022 with a month-on-month acceleration of job postings to 69,864 March. Scotland has seen a higher percentage increase in job postings 60,411 over the past year (88%) than the UK overall (40%). 50,737 47,340 41,932 38,325 37,056 38,740 April 2022 saw the first dip in postings so far this year (-17% 33,037 32,783 29,183 27,031 or 14,495 postings). It is too early to tell if this recent decrease in job 32,943 25,957 28,316 postings signals cooling demand. This also follows a trend of seasonal 27,240 28,507 24,213 decline in job postings across the months of March and April. 12,423 Across 28 of 32 local authorities in Scotland, job postings decreased in April 2022 compared to the previous month. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 2020 2021 2022 The CIPD2 found that employers are increasingly focusing on upskilling existing staff (39%) and advertising more jobs as flexible (38%) to Job Postings in Scotland, April 2022 tackle recruitment challenges. Permanent and Temporary* The highest demand in April 2022 is for vacancies in 9,688, occupations such as: 19% Permanent • Care workers and home carers; • Other administrative occupations; Temporary • Nurses; 42,674, • Customer service occupations n.e.c.; and 81% • Programmers and software development professionals. Full Time and Part Time* For the first time, there were more vacancies than unemployed 6,344, people in the labour market in March 2022.3 The ONS produce a 12% Full Time ratio of the number of unemployed people to vacancies each month, in March 2022, this decreased to a historic low of 0.98 unemployed Part Time people to every vacancy. While this measure provides an indication of 44,937, the scale of the labour shortage challenge, it does not include the pool 88% of people who are employed and move jobs. 1 Burning Glass Technologies (May 2022). Burning Glass 3 ONS. Number of unemployed people per vacancy. (April *Please note, the total number of temporary and permanent job gathers insights from online job postings. 2022) postings and full time and part-time may not sum to Scotland’s 2 CIPD Labour Market Outlook: Spring 2022 (May 2022) total as some postings do not specify this information.
COVID-19 Labour Market Insights 9 Job Postings by Local Authority in Scotland1 Job postings across almost all local decrease between March and April 2022 Job postings by Local Authority authorities remain considerably (39% or 352 job postings). Other local April 2022 higher than twelve months ago, authorities with large percentage reflecting the increase in demand decreases for workers as businesses respond to an uptick in activity following the were; North Lanarkshire (32% or 767 job pandemic. postings); Glasgow City (30% or 7,411 128 17,137 Job Postings (April 2022) job postings); and City of Edinburgh Job postings April 2021 – April (30% or 5,297 job postings). 2022: The fall of postings in Orkney was Highland The local authorities with the highest concentrated in Nursing and Midwifery (4,526 job postings) percentage increase in job postings were Professionals (-60), and Caring Personal Orkney Islands (427% or 453 jobs); Services (-31). Orkney Islands is sensitive Aberdeen City Aberdeen City (222% or 4,945 jobs); and to changes due to a lower number of job (7,176 job postings) East Renfrewshire (195% or 146 jobs). postings in relation to larger local In Orkney, this increase was largest in authorities. postings for Information Technology and Telecommunication Professionals (+43), Local authorities experiencing a Customer Service Occupations (+19), continued rise in job postings were and Nursing and Midwifery Professionals Aberdeen City (51% or 2,433 job (+14). postings), Inverclyde (6% or 27 job Only North Lanarkshire and postings), Argyll and Bute (4% or 30 job Clackmannanshire saw a decrease in job postings), and Moray (3% or 20 job postings in April 2022 compared to April postings). In Aberdeen City, the largest 2021 (-20% or 414 jobs, and -3% or 224 rise in postings was concentrated in jobs respectively). Teaching and Education Professionals (+164), and Other Administrative Job postings March 2022 – April Occupations (+151). 2022: Glasgow City (17,137 job postings) City of Edinburgh Despite having the largest percentage (12,339 job postings) increase in job postings over the year, Interactive Map Orkney Islands also saw the sharpest 1 Burning Glass Technologies (May 2022). Burning Glass gathers insights from online job postings.
COVID-19 Labour Market Insights 10 Labour Shortages Labour shortages remain a dominant but can work from home in Scotland. issue for Scottish businesses, reported Likewise, some Scottish businesses are in almost all sectors. recruiting IT staff from overseas and offering increased wages.3 In early to mid-April, 35.2% of businesses surveyed experienced staff shortages.1 Of In April, the Scottish Enterprise Business those, 69.6% reported staff working Trends Survey echoed staff shortage and 2 in 3 increased hours with 39.1% of businesses recruitment challenges across sectors, for firms in unable to meet demand. example, tourism and hospitality. These accommodation and sectors face increased demand moving into food services reported According to a Fraser of Allander institute the summer season.3 The survey suggests survey, over half of Scottish businesses the sector's ability to meet this demand difficulty filling experienced recruitment difficulties with could be impacted by the lack of workers, as vacancies.2 84% stating difficulty filling roles.2 When businesses may need to adapt by asked why recruitment was difficult, temporarily closing or reducing opening businesses stated that candidates did not hours. have the required skills or experience, there was a lack of applications overall and in Employment growth in Scotland was firmly some cases, candidate wage expectations below the UK average in April, according to were higher than businesses could offer. the RBS Purchasing Manager’s Index (PMI).4 Compared with the other 11 UK areas, In addition to recruitment challenges, one in four businesses reported challenges employment growth in Scotland outperformed only Northern Ireland and the 35.2% retaining their existing staffing levels. The North East of England, highlighting the of businesses in increase in remote jobs in the labour market challenge around the supply of workers in Scotland reported presents additional challenges in retaining Scotland. worker shortages existing staff. Businesses have reported a in April.1 loss of IT staff, who are being offered higher wages by London-based employers 1BICS Wave 55 - April 2022 (May 2022) 3 Scottish Enterprise. Business Trends Survey (April 2022). 2Fraser of Allander Institute. Scottish Business Monitor 2022 Q1. 4 RBS PMI Report (May 2022) (May 2022).
COVID-19 Labour Market Insights 11 Spotlight on Retail Rising prices have led UK retail sales to fall Their research found that the UK retail sharply by 1.4% in March for the second sector faced several challenges including; consecutive month.1 The fall in retail sales was reduced demand, increased competition from followed by the lowest consumer confidence the leisure sector, falling online retail sales, as index score recorded since records began in well as a continuing decline in the volume of 1974. Research company GFK recorded a drop food sales. Scottish Consumer of 7 pp in consumer confidence in April Sentiment Indicator reflecting soaring inflation amid the cost-of- SDS insight shows labour shortages, recorded its second- living crisis. The index fell a further 2 pp in May recruitment and retention continue to be key largest fall in March to reach the lowest level of consumer challenges for the retail sector in Scotland.5 2022, confidence recorded by the research company CIPD survey data showed that common with the largest fall seen at in 50 years.2 responses among retail employers to labour the beginning of the shortages were upskilling (38%), raising wages pandemic. Overall, the At a Scottish level, the Scottish Consumer (32%) and hiring more apprentices (24%).6 indicator dropped 4.4 points Sentiment Indicator recorded its second-largest in 2022 Q1 compared to the fall in March, decreasing by 4.4 points to 0.6 in The FAI Scottish Business Monitor reports that previous quarter.3 2022 Q1, when compared to 2021 Q4.3 the pressure of rising inflation continues to be a challenge for Scottish firms in the year Whilst city centre footfall4 remains below pre- ahead. The FAI report found that 48% of pandemic levels with a shift to online shopping, Scottish businesses within the wholesale and consumer expenditure has been a key driver of retail sector were expecting to reduce the economic recovery in the last 12 months operations due to rising energy prices, the and typically accounts for two-thirds of highest share of firms expecting to reduce 75% economic activity. However, with inflation at a operations across all sectors surveyed.7 of retail and wholesale 40-year high, and rising, household incomes Furthermore, the Scottish Chambers of firms surveyed by the are facing a significant impact. Commerce found that in Q1 of 2022, retail and Scottish Chambers of Deloitte also reported a historic drop in their wholesale firms in Scotland reported negative Commerce were measure of consumer confidence in levels of balances for all sales and investment trends, concerned over inflation, disposable income (-23 pp), the lowest level for the third successive quarter.8 a 5-year survey high.8 recorded by their tracker since 2011.4 1 Financial Times – ‘Great cancellation…’ (April 2022) 5 The Deloitte Consumer Tracker Q1 2022 (May 2022) 2 GfK Consumer Confidence Survey (May 2022) 6 SDS Sector Manager Insight, May 2022. 3 Scottish Consumer Sentiment Indicator Q1 2022 (May 2022) 7 CIPD Report Addressing Skills and Labour Shortages post-Brexit, (October 2021) 4 Centre for Cities. High Streets Recovery Tracker (May 2022) 8 Fraser of Allander Institute. Scottish Business Monitor 2022 Q1. (May 2022). 9 Scottish Chambers of Commerce Quarterly Economic Indicator - Q1 (May 2022)
COVID-19 Labour Market Insights 12 Inflation and cost of living: the impact on people and businesses Rising inflation is escalating the cost-of-living crisis in Scotland and the rest of the Cost of living UK. Businesses are feeling the impact of price rises whilst households struggle with rising food and energy bills. 9.0% The Consumer Prices Index (CPI) rose to 9.0% in main reason. CPI inflation: April 20221 the 12 months to April 2022, up from 7.0% the Research by the Food Foundation found that the Inflation is forecast to peak previous month due to a significant increase in number of households cutting back on food at over the energy price cap in April.1 The Bank of increased by 57% in April from January 2022.6 England Monetary Policy Committee’s May report 10% Office of National Statistics reported that after in Q4 20222 expects inflation to peak at over 10% in Q4 2022 the energy cap increase in April, 4 in 10 due to a planned rise in the energy price cap in households in the UK were finding it difficult to Business Outlook October. This rate of inflation would be the pay for gas and electricity.7 Fuel poverty already highest seen since 1982.2 affects 1 in 4 in Scotland8 and Advice Direct 1 in 3 Rising inflation will hit poorer people in society Scotland reports two-thirds of Scottish people Businesses expect to reduce the hardest. The National Institute of Economic surveyed were now worried about affording their operations this year due to and Social Research predict that 1.5million energy bills.9 an increase in energy prices, (up from 1 in 5 businesses)11 households in the UK will now face food and Whilst business activity in Scotland’s private energy bills greater than their disposable income. sector increased at the fastest rate since May 28pts They also found a total of 11.3 million Scottish Business Confidence 2021, there was a further increase in output households were already struggling to make ends increased 12 prices in response to record-high input prices meet.3 (up from 11 pts) such as fuel, material, energy, and staff costs.10 April’s inflation figures showed price rises at the The rate of input and output price inflation was fastest pace in over 40 years. Over the past year, stronger in Scotland than that recorded for the 88% the price of groceries increased 5.9%, the UK as a whole. This also means increased cost of of firms expect the prices of biggest spike in over a decade.4 Around early goods and services for Scottish consumers as their goods and services to May, 88% of adults in the UK reported their businesses attempt to offset the squeeze on their increase more than normal in the year ahead living costs had risen over the past month.5 Of margins. (up from 80%)11 those, 92% reported a rise in food costs as the 1 ONS, Consumer Price Inflation, UK: April 2022 (May 2022). 6 Food Foundation. Food Insecurity Tracker. (May 2022) 11 Fraser of Allander Institute. Scottish Business Monitor Q1 2022 (May 2 Bank of England. Monetary Policy Committee Report (May 2022) 7 Financial Times. ‘Four in 10 Britons struggling…’ (April 2022) 2022) 3 NIESR. Sailing Treacherous Seas. (May 2022) 8 House of Commons. Fuel Poverty in the UK. May 2022 12 Llyod’s Bank. Business Barometer. (April 2022) 4 Financial Times. ‘Cabinet split on plan…’ (April 2022) 9 Advice Direct Scotland. Cost of Living Crisis. May 2022 5 ONS. UK Economy Latest. (May 2022) 10 Royal Bank of Scotland. Scotland PMI Survey Report. (May 2022)
COVID-19 Labour Market Insights 13 LMI resources Regional Skills Assessments Sectoral Skills Assessments The Data Matrix interactive provide a coherent evidence provide a high-level evidence tool, offers data at Local base to inform future base to inform future Authority level, covering over investment in skills, built up investment in skills, built up 80 indicators covering Skills from existing datasets and from existing datasets and Supply, Skills Demand and Skills supplemented with regional supplemented by industry Mismatches. insight. insight. Support for Individuals Support for Businesses Career Information, Advice and Guidance Find Business Support We have enhanced our service offers to individuals whose employment, Enterprise and Skills agencies aligned offer to Scottish learning or training has been affected by the pandemic, both online and businesses and through our dedicated helpline. workers. Employment and Redundancy support PACE We’ve partnered with local councils to promote four areas of local support: Scottish Government’s PACE service can support employers and Financial support; Employability; Wellbeing support; Medium to long-term employees facing redundancy. support and advice. Adopt an Apprentice Green Jobs Workforce Academy Provides a £2,000 grant (£5,000 in the Oil & Gas sector) to support a The Green Jobs Workforce Academy can help people take a greener redundant Modern or Graduate Apprentice to continue their approach to their careers, from accessing training and learning new skills to apprenticeship. finding a new job. Skills for Growth National Transition Training Fund Advice for businesses on developing skills within teams or managing Phase 2 of the National Transition Training Fund invests £20 million in a change – up to 2 days free consultancy. series of sectoral projects offering upskilling and reskilling opportunities focused on key and growth sectors. Digital Catalyst Fund Support for businesses and employees to fast-track advanced digital My World of Work Job Hub technology skills. Helping employers advertise opportunities through the SDS’s careers website. Flexible Workforce Development Fund Administered by the Scottish Funding Council, apprenticeship Levy- Online Learning Portal payers or SMEs can access up to £15,000 to create tailored training Helping people develop their skills with free online courses from training programmes. providers.
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