Investment in higher level skills needed to kick start the region’s recovery

Person sat next to computer screens at Serious Games Institute, Coventry UniversityInvestment in higher level skills is vital to kick start the region’s recovery from recession but the proportion of the workforce qualified to degree level or above is well below the national average, particularly in the private sector.

New research (pdf, 258kb) by the West Midlands Regional Observatory shows that overall investment in skills and training is holding up despite the recession.

In the first quarter of 2009, three quarters of manufacturing firms and 80% of service sector firms were planning to either increase or maintain levels of spending on training despite the recession – in both cases the second highest proportion in England.

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