A new Digital Growth Fund worth £36 million has been announced by the First Minister of Scotland Nicola Sturgeon.
The funding over the next three years will provide loans for companies who wish to develop the digital skills of their staff in areas including cyber security, data analytics and software engineering. The fund is estimated to support the training and development of 6,000 people each year.
First Minister Nicola Sturgeon:
“Recent studies estimate that the economy needs 12,800 new workers with digital skills each year. Despite this, our last digital economy survey found that only around a quarter of businesses were doing anything to develop current employees’ digital technology skills.
We will work with business to lift the upfront burden of upskilling Scotland’s workforce from the balance sheets of business, giving firms the freedom to invest in their staff and in their future.”
The growing digital skills gap holds back company productivity and profitability and leaves the workforce with the lack of skills needed to fulfil their role.
Further information can be found on the Scottish Government website by clicking the link here.