(1 year, 5 months ago)
Commons ChamberMy hon. Friend is absolutely right to highlight institutes of technology; we are investing £300 million in 21 around the country, which is an example of the Government’s investment in skills. He will know that the Lancashire and Cumbria IOT is a collaboration between further education colleges, universities and employers driving an employer-led curriculum to meet local skills needs in science, technology, engineering and maths. IOTs are involved in the regeneration of areas such as Blackpool and are expected to commence delivery from September.
All hon. Members agree that the skills agenda is vital for the future of the economy, but the loss of the European social fund has been devastating for skills providers. Surely the Minister agrees that the UK Exchequer should match the ESF money lost across all four home nations.
These matters are, of course, for the Treasury, but I am proud that the Government are investing £3.8 billion extra in skills over this Parliament, as well as £2.7 billion in apprenticeships.