Rishi Sunak will announce a £3 billion investment in skills and education in the budget to help workers find better-paying jobs.
The chancellor said the cash injection, which will be given to adults with education after 16 and later in life, is aimed at giving people the “skills needed to earn more and get ahead in life”.
In what the government is calling a “skills revolution”, Mr. Sunak will announce that the number of skill boot camps will quadruple in areas such as artificial intelligence, cyber security and nuclear.
While £1.6bn would provide 16 to 19 year olds studying for T-level, technology-based competency, with additional class hours.
Some 24,000 apprentices will also be created in the package, which is expected to be part of the measures announced in next week’s budget and expenditure review.
Mr Sunak said: “Our future economic success depends not only on the education we provide to our children, but the lifelong learning we offer to adults.
“This £3 billion skills revolution builds on our plan for jobs and opportunities across the UK by transforming post-16 education, giving people the skills they need to earn more and get ahead in life.”
£830 million is to be allocated to existing colleges in England with additional funding for new equipment and facilities.
The National Skills Fund will be promoted with a total investment of £550 million to quadruple the number of places in skill boot camps available to adults of any age.
Mr. Sunak will also announce the expansion of free Level 3 courses for adults, which are equivalent to A-levels, in subjects such as math, chemistry and biology. Apprenticeship funding will also increase from £170 million to £2.7 billion in 2024/25.
During this, Wire reported that Mr Sunak is set to unveil a multi-million-pound boost for the NHS next week after Sajid Javid is one of 10 hospital trusts still using a “paper-based system” Funds for the overhaul will be included.
The newspaper reported that they expected to confirm funding for new hospitals and hospital upgrades, totaling more than £4 billion.
Credit: www.independent.co.uk /