Forecasting the benefits of the UK commission’s programme of investments
The UK Commission for Employment and Skills (UKCES) is responsible for two innovative, strategic skills investment funds: the Employer Investment Fund (EIF) and Growth and Innovation Fund (GIF). The purpose of the funds is to foster the development of sustainable training infrastructure designed to increase employer investment in skills and address skill needs on a sector basis. This study was aimed at forecasting the costs and potential benefits of the investments. Overall, the study indicates that the investments have the potential to deliver a significant level of benefits and achieve relatively strong value for money.