Start United States USA — software Government industrial strategy proposes £170m investment in tech institutes to boost Stem...

Government industrial strategy proposes £170m investment in tech institutes to boost Stem skills

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NewsHubA focus on developing skills in science, technology, engineering and maths (Stem) is one of the 10 core approaches the government will take in its strategy for strengthening the UK economy.
Stem skills was announced as a focal point, alongside other targets such as R&D funding, supporting small businesses and encouraging trade, as part of prime minister Theresa May’s government industrial strategy.
The strategy, led by the Department for Business, Energy & Industrial Strategy (BEIS), aims to build a “stronger, fairer Britain” in the wake of the UK’s decision to leave the European Union.
The strategy’s greenpaper includes proposals such as funding for developing tech institutes, expansion of specialist maths education and growing Stem skills.
One of the industry’s main concerns in the wake of Brexit is how the already dwindling market of skilled workers will be affected.
“The 2016 Hays Global Skills Index showed our IT and technology skills gap is getting worse, and has done for the past five years,” said Sarah Burnett, vice-president of Everest Group and chair of the BCS women’s group. “In the post-Brexit era, the UK must position itself as a centre of excellence in technology.

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