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Leeds City Region Skills Network

Why Invest in Skills?

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Why Invest in Skills?

Why should your business invest in skills? We look at the facts and figures...

Your Business

Increase your business performance & success

  • Businesses who invest in training are twice as likely to succeed than those who don’t
  • Investment in skills leads to more productivity, better business performance & greater profitability
  • Companies who train their staff are more competitive, diverse & efficient

Your Staff

Improve your staff morale & performance

  • Benefits from training your staff include improved morale, job satisfaction, increased turnover & confidence in the workplace
  • 84% of companies agree that vocational qualifications lead to better employee performance
  • Research collated by the FE sector found that SMEs are increasingly valuing recruits from colleges / apprenticeships.

The Economy

Skills deliver a strong & prosperous economy

  • Just a 1% increase in Leeds City Region productivity and employment is worth £1,000 million per year, in perpetuity.
  • Vocational qualifications are highly valued by employers.
  • Every £1 invested in apprenticeships generates £18 back to the economy.

Research

Information on skills and training

  • Substantial sources of research and information are available relating to skills and training. This information provides a valuable insight into the opportunities and challenges for the city region.
  • Every £1 invested in Further Education generates, on average, £3 gained in higher earnings, click here for more information.
  • Visit our research page for more information and access to the research documents.

Want to know more about how we can help your business grow?

Get in Touch

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