What is Skills Bank?
Supports businesses with a clear growth plan by co-investing in the development of their workforce.
Works closely with businesses to find training solutions that meet both immediate and emerging skills needs.
Develops the skills base, labour mobility and educational performance in line with the South Yorkshire objectives so that businesses can flourish and grow.
Gives employers the power to purchase skills training with support from our specialist Skills Advisors.
Skills Bank aims to provide you with a single access point for information, support, guidance and funding for skills. Our dedicated and specialist team of Skills Advisors can connect businesses to high-quality training providers to meet those needs. Training accessed through Skills Bank could be in the form of an existing qualification or industry recognised training programme. Alternatively, training can be designed to meet your specific requirements.
For more information on other support offered to businesses by the Growth Hub, including the support available, visit the South Yorkshire Growth Hub website.
The South Yorkshire Skills Bank project is delivered by Calderdale College on behalf of The South Yorkshire Mayoral Combined Authority.
Skills Bank invests in skills provision for businesses operating in South Yorkshire. Skills Bank places the purchasing power for skills in your hands.
Employers can choose from our comprehensive list of Training Providers available or source their own.
Employers can view the Skills Bank Training Directory for a list of available training. There is also a useful ‘key word’ search facility and all training is listed as ONSITE or ONLINE. There is also a section where each Training Provider tells you more about the type of training they offer so, you can make contact to discuss your specific training needs with them. We can also help you to devise training to meet your business needs.
Skills Bank funding contributes to the overall cost of training and the amount each employer receives will depend on the business case for growth outlined in your application and contribution to the South Yorkshire economy.
If you aren’t sure whether training can help your business to grow or would like advice on the type of training you need, you can request a call from the Growth Hub Gateway here.
The South Yorkshire Skills Bank project is delivered by Calderdale College on behalf of The South Yorkshire Mayoral Combined Authority.
The intervention rate will be calculated during the appraisal process and will be directly linked to the employer’s growth/development, for this reason it is important that the growth/development case is clear and fully outlines how the learning is linked to the steps which will generate growth or consolidating the business to enable it to return to a growth trajectory.
Ordinarily the Maximum intervention rates are:
- 50% for Large Companies
- 60% for Micro, Small and Medium Companies (0 – 249 employees)
The most favourable intervention rates will be awarded where:
- The growth opportunities and the actions to maximise those opportunities are clearly explained and evidenced within the application.
- It is clear that the learning is directly linked to the actions which will lead to the anticipated growth. The training is specialist, management and/or higher level.
- The employer can evidence how they support; Social Value, local communities, supply chain development, carbon reduction, raising aspirations and are a disability confident employer.
- The South Yorkshire Skills Bank programme is delivered by Calderdale College on behalf of the South Yorkshire Mayoral Combined Authority.
As part of our response to the emerging local economic challenges and developments and to help local business align themselves to evolving opportunities, and address specific challenges we may introduce provision that attracts a higher intervention rate.