Is Current UK Government Policy On Training And Development Fit For Essay

Is Current UK Government Policy On Training And Development Fit For Purpose - Essay Example It is evidently clear from the discussion that the policy of the United Kingdom on training and development is reflected in the document, Further education-new horizon: Investing in skills for sustainable development, produced by the United Kingdom Department for Business, Innovation & Skills or BIS. One important feature of the UK government policy is that â€Å"the case for state investment is strongest for young people and those with low skills†. In particular, the focus is on â€Å"young people aged 19 up to 24†.   However, â€Å"the further education resource budget will be reduced by 25%†. This is a very important feature of the UK government policy on training on development. The UK â€Å"will progressively introduce a new loan facility, which will remove grant funding from the 2013/14 academic year, providing the capacity to sustain learner participation with government-backed fee loans for individuals aged 24 or over studying at qualifications at leve l 3 and above†. BIS elaborated â€Å"there will be no up-front costs and the repayments made on an income-contingent basis.† In addition, â€Å"the government has made available  £129m in 2013-14 and  £398m in 2014-15 for these fee loans†. The BIS claims, however, that while public investment will be reduced, the UK government will â€Å"free the sector from top-down targets and direction to enable a truly demand-led system to develop†. The government will seek â€Å"greater contributions from individuals and employers who benefit most and can afford to pay†. For 2011-12, â€Å"the total Teaching and Learning budget will be  £3.1bn, of which  £605m will be earmarked for adult apprenticeships†. However, spending on adult apprenticeships and, relative to the previous government, â€Å"will increase by up to  £250m by the end of the SR period†. Informal adult and community learning will be retained although they will be â€Å"r eformed†. There will also be â€Å"progression routes for those looking for a way into formal learning. Importantly, â€Å"there will also be helpful for those who are unemployed on active benefits†. The UK government policy on training and development comes with â€Å"fundamental policy changes†. The â€Å"Train Gain† will be abolished. â€Å"Funding for workplace training on SMEs will be prioritized†.