Evaluation of the Sheffield Skills Bank
The Sheffield Skills Bank is a single skills fund created by the Sheffield City Region (SCR) and co-designed with the Skills Funding Agency giving the maximum flexibility to businesses to obtain the skills they need. Utilising Investment of £19.4 million over a 3 year lifetime, the Skills Bank is SCR’s optimum programme for improving the skills base of its workforce, aiming to change the way the skills system operates by placing the purchasing power for skills in the hands of employers and aligning the public investment made through the Skills Bank to economic growth outcomes, such as job creation, business creation, and increasing GVA which supports delivery of the Strategic Economic Plan.
CFE are undertaking research in partnership with the University of Sheffield, starting prior to the launch of the programme, to evaluate the Skills Bank initiative and assess the difference the Skills Bank is making to the Sheffield City region. In testing the strength of the demand-led Skills Bank Logic Model, establishing a strong evaluation framework, establishing a sustainable platform to engage and involve key stakeholders and reviewing current Labour Market intelligence, we will be able to understand the economic impact on business and economy in the region, skills gains achieved, impact on productivity and career progression.
Following a feasibility study, CFE are undertaking first a rapid evidence assessment followed by a full process evaluation and in-depth longitudinal qualitative interviews with employers, providers and stakeholders.