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Business Community Coronavirus

Rebuilding the Economy

Investing in jobs and skills.

Supporting people into employment and equipping them with skills they need will be at the heart of the economic recovery, backed with £1.1 billion of investment under the proposed Scottish Budget 2021-22.

Additional investment of £125 million will go towards the Young Person’s Guarantee, the National Transition Training Fund and other initiatives ensuring the future workforce has the skills needed for a green recovery and supporting those at risk of long term unemployment. This includes personalised employment support and retraining for those who have been made unemployed or are at risk of redundancy due to the pandemic.

Since November the Young Person’s Guarantee has provided funding for around 18,000 opportunities for people aged between 16 and 24 to help them into work.

Other funding for 2021-22 includes:

  • £230 million for Skills Development Scotland to deliver training
  • £100 million Green Jobs Fund to be delivered over the next Parliament
  • £27 million for national employability service Fair Start Scotland
  • £21 million towards Foundation and Graduate Apprenticeships
  • £5 million for Community Jobs Scotland to create job opportunities for unemployed people aged 16 to 29

Economy Secretary Fiona Hyslop said:

“The coronavirus (COVID-19) pandemic has impacted economies throughout the world and while Scotland’s economy has performed slightly better than the UK as a whole, the necessary restrictions to suppress the virus are continuing to impact economic activity.

“As well as providing emergency support to businesses to help them through this crisis, it is vital that we plan for the future. By providing our workforce with the support, skills and experience needed to drive a green economic recovery, we will ensure that our investment in a just transition protects and creates jobs.

“The Young Person Guarantee has to go hand in hand with economic recovery in Scotland. During this crisis we have taken action to support our young people who have been some of the hardest hit by the pandemic. This funding allows us to build on that success and meet additional demand.

“It also provides opportunities for those already in employment to upskill or retrain and supporting those who are further from the labour market in partnership with local authorities, third and private sectors to ensure no one is left behind.

“Underpinning everything will be our commitment to working in partnership with employers to invest in workforce development, create diverse and inclusive workplaces and pay people fairly for the work they do.”

Background

The Young Person’s Guarantee aims to give every young person the opportunity to study, take up an apprenticeship, a job or work experience or participate in formal volunteering within the next two years. £60 million was allocated to support the Young Person’s Guarantee in 2020/21.

Information about the 18,000 opportunities the Young Person’s Guarantee has provided funding for has been published. 

Categories
Business Coronavirus

Rebuilding better

Actions for economic recovery from COVID-19.

Targeted measures to build a stronger, fairer and greener economic future for Scotland in the wake of coronavirus (COVID-19) have been announced.

Publishing responses to the Advisory Group on Economic Recovery report and the Enterprise and Skills Strategic Board report, Economy Secretary Fiona Hyslop outlined key actions to generate significant economic growth, combined with a focus on supporting jobs, skills and training.

These initial measures include:

Investing at least £50 million to support Youth Employment, including the Scottish Job Guarantee

Embedding Foundation and Graduate Apprenticeship places as part of our wider college and university provision, as well as extending Fair Start Scotland services

Introducing a Transition Training Fund to support individuals facing redundancy and unemployment in those sectors most exposed to a downturn providing opportunities to upskill and transition into employment

Maximising help for those facing redundancy through the Scottish Government’s PACE support programme

Making it easier for SMEs to compete for public sector contracts and supporting them to make greater use of digital technology
exploring options to alleviate planning restraints, build capacity and deal more quickly with complex applications

Inviting leaders from business and other organisations to work with senior civil servants to ensure key Scottish Government policies maximise opportunities for economic benefit

Economy Secretary Fiona Hyslop said:

“We all acknowledge the scale of the challenge facing Scotland’s economy as result of COVID-19, but we also recognise this is an opportunity to do things differently and crucially to rebuild a stronger, fairer and greener economic future. The Scottish Government’s focus will be on protecting jobs, creating jobs, ensuring quality jobs and supporting skilled jobs. We are working quickly to achieve this and many of the actions outlined today are already well underway.

“No one should be left behind and our work to prioritise those hardest hit by this pandemic is clear through our commitment of at least £50 million for youth employment and the Scottish Job Guarantee, as well as our dedicated Transition Training Fund which will provide opportunities to upskill and transition into employment.

“We are also focused on generating significant economic growth through further action to support our small and medium sized businesses, proposals to alleviate planning restraints and our commitment to continue working closely with business leaders to ensure we are doing all we can.

“Ultimately, the best way to secure our recovery from the economic challenges of COVID-19 is to eliminate the virus. That is why it is so important that we continue to invest in Test and Protect, and why all of us must continue to follow the guidelines – particularly around social distancing and hand hygiene.”

Background:

The  response to the Advisory Group on Economic Recovery is based around the following six themes:

Business recovery and growth
Engagement and partnership approach
Employment, skills and training
Supporting people and places
Investment-led growth for wellbeing impact
Monitoring progress and outcomes

The  response to the Enterprise and Skills Strategic Board report gives detail of actions based around the following priority areas:

Assistance to support business retention
Assistance for those facing redundancy
Training to enable unemployed people to transition into employment
Helping vulnerable people into employment