Benefits of the institute
Benefits for learners
IoTs will play an important role in levelling up skills across the country. They will deliver high quality, higher technical skills, improving learners’ chances of securing jobs that offer higher wages and increased opportunities. This includes widening participation from disadvantaged and under-represented groups by making full use of new technology and innovative models of delivery to provide a responsive and flexible offer that is accessible to all.
Benefits for employers
Employers involved in an IoT collaboration will have the opportunity to ‘home-grow’ their future workforce and upskill their current one, shaping the curriculum to best suit their needs, adopting agile approaches to ensure industry trends are quickly translated into the classroom.
Large and small employers will benefit from having a new type of employer-led institution on their doorstep that can train their current and future workforce.
Benefits for the local, regional and national economy
IoTs will play a key role in helping to level up growth and opportunity across cities, towns and rural areas. IoTs have the potential to strengthen local economies, unlocking a talented pool of people with the skills needed to take advantage of the growth opportunities of the future and deliver the Government’s major infrastructure projects such as hospitals, schools, transport and digital projects.