Raising productivity as part of Wales Economic Action Plan
requires investment in skills

12 December 2017

In response to the Welsh Governments Economic Action Plan (Prosperity for All: economic action plan) published today, ColegauCymru / CollegesWales has welcomed the development but calls for a clear investment in a skills strategy to support sustainable local and national economic growth.

The charity, which works across the post-compulsory education (post 16) sector, welcomes the refocusing of Government strategy on clear national priorities reinforced by a clear message on the need to engage with the foundational economy in areas such as tourism, retail, food and care.

Iestyn Davies CEO of the charity said, “The investment in the economy and the fulfilment of economic growth can only be achieved by people, the human capital required by business to succeed.”

He added, “Further education colleges and institutions already work in supporting skills development in all three priority sectors, high value manufacturing, tradeable services and enablers. The curriculum offer is broad and already caters for the needs of tourism, food, retail and care.”

However, the body which works with all FE colleges as well as a range of work-based learning provides has recently pointed out that according to a recent Wales Audit Office report, essential funding for skills has fallen in real terms whilst the cost of delivering skills and training has increased.

Iestyn Davies concluded, “As funds and support flows to business to help it grow and meet the challenge of increased productivity, it is welcomed that the Welsh Government has called for a renewed social contract between all sectors in Wales. There is evidence that this already exists in some places and offers a good foundation for further collaboration as we all seek to create resilient economies across the nation.”