LMI Bulletin 23/02/2018 (Issue 356)

Produced by the LMI Team at Education Development Trust 

LMI Bulletin 23/02/2018 (Issue 356)

Job Gains and Losses

Around 60 jobs are set to be created in Newcastle city centre as a new Alpine Ski Lodge  inspired bar and restaurant is set to open at Newcastle's 55 Degree North. The Fat Buddha restaurant will undergo a refurbishment and will also remain at the site, moving upstairs.(Bdaily) 

Manufacturing company Flexible Engineering Solution (FES) is creating 20 new jobs after opening a new manufacturing facility in Cramlington. The new site will also be used as a training base. (The Chronicle) 

News

Employment support for young people in East Durham
East Durham Business Service (EDBS) has received funding via Virgin Money Foundation to support unemployed young people aged 18-25. The service is based in Peterlee and is available to anyone in East Durham 18-25 who is looking to gain employment.

Our Economy 2018
The North East Local Enterprise Partnership is launching their first annual 'Our Economy' report on Tuesday the 6th of March at Sage Gateshead. For more information and to sign up go to https://www.eventbrite.co.uk/e/our-economy-2018-with-insights-into-global-connections-tickets-40900864587 .

Post-18 Education Review
On the 19th February, at a speech at Derby College, Prime Minister Theresa May announced a review of post-18 education. The review, expected to last a year, is to look into the issues of

  • how choices are made between academic, vocational and technical routes. Of the 18 years in England in 2017, 33.3% went into HE. This rate differs around the English regions - the South West has the lowest rate at 28.9%, in the North East it was 30.3%. London, has the the highest rate of the English regions at 41.8%[1]
  • the cost of education - students fees are upto £9,250 yer year,  students are graduating with on average a debt of £50,800[2] and the student HE loan balance in England is £89.3 billion[3]
  • access - although more people from disadvantaged group are going into HE, the gap between the advantaged and disadvantaged is not changing. In 2017, 13.8 per cent of 18 year olds from the most disadvantaged MEM (UCAS's multiple equality measure based on variables including sex,ethnicity, school, free-school meals etc) group entered HE, the highest proportion on record.  The entry rate of 18 year olds from the most advantaged MEM group was 53.1 per cent. The gap between the two has not changed over the last three years[4]
  • skills provision - "future-proofing the economy by making sure we have a post-18 education system that is providing the skills that employers need." The perennial debate on the purpose of education. 

CMI - 21st Century Leaders
On a related topic, a report from the Chartered Management Institute which explores where employers see recent graduates strengths lying and where they see gaps, with suggestions for what more could be done to ensure they become successful managers and leaders.

OpenLearn
Just a reminder that The Open University offer a variety of short free courses via OpenLearn. Useful if you have customers who are thinking about studying a subject but would like to find out more and see if it is suited to them. On completion a free 'Statement of Participation' can be downloaded.


Footnotes

  1. ^ End of Cycle Report 2017, UCAS December 2017
  2. ^ Institute for Fiscal Studies, July 2017
  3. ^ Student Loans by Government Administration at 31/3/2017, Student Loans Company
  4. ^ See UCAS report End of Cycle 2017 report for full explanation of MEM groups 

Bulletin date: 
Friday, February 23, 2018 - 12:00