Developing Britain’s manufacturing talent

Developing Britain’s manufacturing talent

Britain is renowned for its manufacturing expertise. The sector accounts for 10 per cent of UK GDP, for 44 per cent of all UK exports and directly creates 2.7 million jobs.

Yet there is a lack of qualified workers. The shortfall could reach 220,000 by 2020 so it is vital to train new talent.

We are helping to close this skills gap through our investment in the Lloyds Bank Advanced Manufacturing Training Centre (AMTC) in Coventry.

Building skills and diversity

Set up in 2015, the AMTC is a state-of-the-art training centre, designed to help create a new generation of engineers and technicians. The make-up of the apprentices and engineers at the AMTC has also been transformational

In 2018 the number of women in apprenticeships increased to 19 per cent of the total students, against a UK industry average of 4 per cent. In 2011, there were no apprentices from a Black, Asian and Minority Ethnic (BAME) background. Today BAME apprentices make up 26 percent at the AMTC, against an industry average of 11 percent.

Doubling our investment

In 2018, we doubled our financial investment at the Lloyds Bank Advanced Manufacturing Training Centre in Coventry to £10 million over 10 years and committed to train 3,500 apprentices, graduates and engineers by 2024. We have already created 178 apprenticeships and trained 80 graduates and 295 engineers.

More than 250 Lloyds Bank customers have been supported through our partnership with the Manufacturing Technology Centre with around 70 of them undertaking a bespoke programme to improve efficiency and productivity or adopt new technology.

Doubling our investment

Rebalancing the economy

As a Group we help Britain to prosper in many ways, including our support for businesses. The apprentices and engineers who emerge from our partnership with the AMTC play a central role in helping to drive up the productivity of the nation.

They will be part of broader efforts to rebalance our economy and make it more dynamic through long-term investment in infrastructure, skills, science and the latest technology.