20|20 Business Insight has recently helped train many people who have been made redundant or have been at risk of redundancy from the Oil and Gas Industry.
These individuals have had their training funded by Skills Development Scotland as part of the Transition Training Fund. We thought we would share some information about the fund and who is actually eligible.
ABOUT THE FUND: The £12m Transition Training Fund was set up by the Scottish Government and is managed by Skills Development Scotland. It offers support with training grants to help you to retrain, upskill or get accreditation or certification that would help you get a new job in oil and gas, the wider energy sector, or engineering and manufacturing. The fund may also be able to assist you to transition into STEM related teaching.
WHO CAN BE HELPED? The Fund is available to people who’ve lost their job since January 2015. However, consideration will be given to people made redundant before then, if the job loss was due to the oil and gas downturn. You can apply for the fund at any time after being made redundant, or facing the threat of redundancy. You won’t be disadvantaged if you’ve already done training with other support such as your SDS Individual Learning Account or the Employability Fund.
WHAT CAN IT BE USED FOR?Support from the fund will only cover training costs – not travel or subsistence. Training costs will be agreed on a case by case basis. So you may be offered a contribution, or up to 100% of the costs. You can only apply once, but your application could support multiple training courses if necessary.
More information and how to apply for funding can be found here.