KPMG comments on government's industrial strategy.
Commenting on the Government’s Industrial Strategy, Justine Andrew, Public Sector Director at KPMG, said:
On universities and the industrial strategy
“The Government’s focus on upskilling the nation offers universities a real opportunity to further develop the role they play in the economy and think differently about how they operate. Whilst many institutions are very outward looking, commercialisation and working with businesses, as a key part of an eco-system in a place, remains an area for improvement for the higher education sector as a whole. Civic and enterprise engagement, or even playing a broker role between the two, will now need to be a fundamental part of what universities do, not just a side point of their strategic plan. This is an opportunity that universities should grasp with both hands.”
On skills strategy
“It is right for skills to be a core pillar of the Industrial Strategy, but the UK still has a highly complicated skills landscape, with a tapestry of different types of providers and sources of funding. Until those levers and incentives are tweaked, we won’t see a change in what training providers offer nor in people’s choices when they think about their education and career paths. There needs to be more support to help educate these organisations and parents on making those decisions, so we can incentivise choice, rather than the status quo.”
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Notes to Editors:
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