The UK is a well-established globally as a knowledge economy, with outstanding universities and research institutes and world leading knowledge-intensive industries such as finance, business services, and pharmaceuticals.
However, the UK has not established itself as a world-leading skills economy and this is key for a post-Covid economic recovery, particularly with a focus on sectors of the economy which must be internationally competitive – requiring worldclass skills – to attract investment and succeed.
By setting a new level of ambition to be a world-leading skills economy, we can harness our ability to benchmark the UK’s technical skills internationally, combined with data and insights from EY’s annual inward investment surveys. With WorldSkills UK and EY coming together we can set a new level of ambition and create the case for the UK as a world-leading skills economy.
While there have been skills commissions and growth commissions in the past, no one has tackled the specific and important question of improving the quality of our skills economy, including to world-class levels, to help attract inward investment to help drive growth in key sectors and help meet the UK’s long-term economic global ambitions. This is where the skills taskforce for global Britain comes in.