SKILLS
An artist’s impression of the new Nottingham City Hub
Facility for higher learning planned
A new £58m further education and training facility is set to go ahead after funding was approved by the D2N2 Local Enterprise Partnership. The Nottingham City Hub will be
the flagship campus of Nottingham College – formed by the merger of New College Nottingham and Central College in 2017 – and it is set to be one of the largest further education institutions in the UK. The City Hub’s £58m cost is due
to be covered by an £18m loan from Nottingham City Council, college funds and £30m from D2N2.
D2N2 is the Local Enterprise
Partnership (LEP) for the Nottinghamshire and Derbyshire area. It works with skills and training providers, businesses, local authorities and community and voluntary sector organisations to create jobs and boost the economy. As part of this, D2N2 works to
‘To date, D2N2 has allocated £178m of its LGF allocation to projects across Nottinghamshire and Derbyshire’
resolve the skills gap – the issue of workers retiring, with no-one of a sufficient skill level to replace them. As part of its overall mission to
boost the Nottinghamshire and Derbyshire economy, D2N2 has an allocation of over £250m in Local Growth Funding (LGF) from Government. This is used to co- invest in projects across the D2N2 area which create jobs, improve infrastructure and attract investment. To date, D2N2 has allocated
£178m of its LGF allocation to projects across Nottinghamshire and Derbyshire, including £10.3m as part of the £250m developments around Nottingham Station and the Broadmarsh area, which includes
the pedestrianisation of Station Street and also the ongoing demolition of the Broadmarsh car park and bus station. It is hoped that both of these projects – and the now-approved City Hub – will help to create a ‘Southern Gateway’ to the city. The Nottingham City Hub is set
to be built on a site next to the tram bridge on Canal Street and Middle Hill. The building will be home to around 2,000 students. It will also house a new café, new training restaurant, performance theatre and business hub; so that businesses will co-exist alongside the college. Work is due to start this summer and should be ready to welcome its first students in
Skills gap is hindering progress
Gaps and shortfalls in skills are holding back economic progress for businesses across the East Midlands, according to the findings of a new survey by Chamber member Grant Thornton – backing up the Chamber’s own findings from member businesses through its Quarterly Economic Survey activity. The firm found that of the Leicestershire,
Nottinghamshire, Lincolnshire and Derbyshire businesses taking part, more than two-thirds (69%), see the region’s skills shortage or gap as the biggest challenge to growth this year. Local businesses say the availability of local talent
and/or skills when recruiting as part of future business growth plans are an additional concern, with 63% believing there is insufficient availability in their area. Mark Pashley (pictured), Tax Director at Grant Thornton’s Leicester office, said: “Skills shortages
64 business network May 2018
continue as a major concern for local firms. Securing the right people with the right skills to support ambitious businesses is key to their growth, as well as the economic progress and stability of the region. “It is heartening to see over two-thirds of local
businesses are planning to take on an apprentice this year. With some evidence of confusion over the Apprenticeship Levy, it is encouraging that so many see the scheme as a valuable route towards upskilling their workforce at relatively low cost, and this will doubtless play a part in overcoming the skills gap. “Despite recent challenges and continued Brexit
uncertainty, East Midlands businesses are looking to invest in their expansion and even looking beyond domestic markets with plans to increase export activity, which bodes well for their future growth and progress of the East Midlands’ economy.”
September 2020. Matthew Wheatley, D2N2 LEP
Chief Executive, said: “The Nottingham City Hub has the potential to change the face of further education in the D2N2 area. By working to ensure that the qualifications provided and the students who study at the college are fit for industry, the Nottingham City Hub will play a full and meaningful role in the growth of the D2N2 economy.” John van de Laarschot,
Nottingham College Chief Executive, added: “We are delighted to agree funding for the new Nottingham College City Hub with D2N2. It is our aim to bring to Nottingham something truly special, something more than a traditional college campus and which is a unique space in which business and education co-exist to the benefit of both.”
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