Improving skills and reducing unemployment
To identify and drive the productivity and growth of the GBSLEP economy with focus on GBS key sector by addressing local business skill needs, now and in the future, through co-investment and collaborative working.
The long-term ambition is to accelerate the increase in our skilled workforce ensuring that the gap between our skills levels at least matches the national levels and meets the increasing employer demands for higher skilled labour. Skills shortage and gaps that continue to increase as the local economy grows and acts as a brake on the productivity and future growth of our economy. As of 2017 data this means that we need to appropriately upskill and match over 63,000 more people at NVQ level 3 (A Level) and above to meet those national levels: approximately a 10% increase of the current working age population would be required to upskill to reach this level. In a context of economic uncertainty and reducing public expenditure on the skills system combined with employer forecasts for increasing need for higher skilled labour to enable their growth and competitiveness; all must work together to maximise all the resources we have to deliver the biggest economic impact possible.
Attracting and retaining new talent into the area is also part of the solution. Ensuring and promoting Greater Birmingham and Solihull the top choice place to study work and live; will feed a flow of appropriately skilled individuals to fuel our economy. A skilled workforce is a critical enabler that delivers more employment opportunities for GBS residents; taps the rich diversity and creative skills of the area; and primes the development of new skills for the future to maximise the advantages of new technologies in our future economy