Share this article:

More pathways | Why Lloyds Banking Group's CPO just announced a £100m investment in future skills

A view of a Lloyds Banking Branch in London
A view of a Lloyds Banking Branch in London
The £100m funding pledge from Lloyds builds on years of investment in skills training and career development

Early in his tenure, Labour Prime Minister Andy Burnham has been unequivocal about the need to prioritise and rebuild technical education, skills training, and work experience. 

In a late July statement, Burnham noted: "In a fundamental change to the education system, we will introduce new technical education pathways from 14 – prestigious routes that will give students the chance to combine the core academic subjects with the skills, technical knowledge and experience they need to get quality, well-paid jobs." 

Burnham’s pledge builds on work undertaken by the Starmer Labour Government between 2024 and 2026. 

The Dutch angle 

In late June of this year, Dutch-style employment support to the tune of £2.5billion was pledged to tackle rising NEET numbers.  

Subscribe now to myGrapevine+ and get access to our comprehensive knowledge portal.


Already a subscriber?Sign in

Welcome Back

Sign up to our daily newsletter

Have content like this delivered directly to your inbox.


Recommended

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
  • Podcast
  • 23 mins read

Podcast | CPO, Advania: Building adaptable early-career talent for the AI age

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
  • News
  • 4 mins read

Future of hiring | More than half of UK employers don't use AI in recruitment

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
  • Feature
  • 7 mins read

Changing needs | How fintech talent is shaping up to meet evolving compliance and culture demands

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
  • Webinar
  • Register Now

The success paradox: How successful organisations change before they have to

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
  • Resource
  • Download Report

Parental Leave Benchmark 2026