Innovation is at the top of agendas for governments in the U.S. and U.K. Now the U.K. has sprung into action again with its $82 million Growth and Innovation Fund (GIF), launched today to help businesses drive economic growth in the U.K.
“This government understands that to rebalance and grow our economy, we need to tackle the skills shortages that hold companies back. Through this fund, we will support employers that take collective action to overcome these blockages to expansion, said Secretary of State Vince Cable. “By putting the employer voice at the heart of the process, we will reward inventive approaches to training that deliver real help to get business moving.”
The focus of the investment is on advancing the breadth of skills of the U.K. workforce--the thinking is that more competent and knowledgeable workers will lead to more experimentation and innovation.
To read the full, original article click on this link: U.K. Launches Growth and Innovation Fund | Fast Company
Author: Jenara Nerenberg
