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This report presents the findings of a review of theoretical evidence concerning employer investment in skills, which forms the basis of the Review of Employer Collective Measures study. This summary highlights the headline concepts, issues and conclusions regarding optimal training investment at the level of firm, sector, geography, nation and society and identifies how and where state intervention might be justified. Other reports in the series identify the extent to which the barriers to optimal investment are identified in research; the effectiveness of policy interventions to aid optimal investment and the outcomes of testing these ideas with stakeholders. The study is brought together in the final presentation of policy advice.