To address the skills shortage impacting UK tech growth, the government has announced significant funding to support advanced degrees.
- A £500m skills initiative is set to provide 4,700 new post-graduate degrees in science and technology.
- Both the private and public sectors have reported concerns over the lack of skilled digital professionals.
- Through the initiative, universities will play a key role in producing high-potential graduates.
- The programme aims to support economic recovery and innovation within the tech industry.
The UK government is responding to the pressing need for highly skilled professionals in the tech sector by launching a substantial funding programme worth £500 million. This initiative is intended to support thousands of advanced degrees in science and technology, addressing a critical skills gap hindering the sector’s growth.
This funding will allow more than 4,700 post-graduate degrees at 45 universities, as announced by the Department for Science, Innovation and Technology (DSIT). The money comes from a £564 million package through three research councils of UK Research and Innovation (UKRI).
Digital and technical skills are in high demand across the UK, with 38% of SMEs in the IT sector struggling to recruit suitably qualified staff, according to a survey by the Federation of Small Businesses. Such skill shortages are not only a concern for businesses but also within the public sector, where only 4.5% of civil service roles are in digital, data, and technology.
Technology Secretary Peter Kyle remarked that this investment is essential in fostering the next generation of scientific minds, thereby facilitating discoveries and economic growth through skilled jobs. Education Secretary Bridget Phillipson echoed this sentiment, emphasising universities as growth engines and highlighting the government’s strategic partnership with the education sector to train individuals for future opportunities.
This initiative is expected to produce graduates who can significantly contribute to the tech industry and wider economy, particularly as the UK seeks to maintain its competitive edge in developing life-saving drugs and clean energy technologies.
The UK’s £500m investment in tech education signifies a strategic move to enhance skills and drive economic growth.
