Companies are expected to match in kind – rather than cash – the value of the benefit they receive. For example each participating company has an agreed training plan tailored to their individual needs. The RGF pays for the training while the company’s “cost” is the value of the time of individuals participating in development training. A typical four-year programme is anticipated to be around £1.2 million of funded training and development, which would be matched by the participating company’s in-kind contribution.
The main eligible company costs will be the time of the individuals receiving and undertaking the training but other costs, such as travel expenses, materials, supplies, etc are also considered as the company’s in-kind contribution.
Sharing in Growth is intensive, holistic, and long-term. It covers all aspects of the company’s business.
Company Strategy & Finance
It involves on-the-job training, designed to address real issues in your business. Your company is fully supported by a team of specialists throughout the programme.
A typical programme is expected to last for four years. The first four months will include a whole business diagnostic process, coupled with leadership training and business strategy workshops, resulting in a bespoke training plan to address your company’s barriers to growth. The majority of the training is then delivered in years one and two, while years three and four of the programme focus on sustaining and embedding the improvements in skills and capability with support from industry specialists.
SiG provides sustained support for four years, supporting and training beneficiary staff to deliver specific improvements that positively impact the company. It can therefore be complementary to the SC21 framework and accreditation.
Please complete an expression of interest form which we will then evaluate to ensure your company meets the eligibility criteria to get the best out of the programme. If successful we will work with you for four months to diagnose your business improvement priorities and, provided your company is suitable for such a growth programme, then we will issue a programme contract.
Sharing in Growth is an ambitious transformation programme which raises the capability of UK aerospace suppliers in order to share in the growth of aerospace and other global markets.
The scheme provides concentrated training and development programmes tailored to the assessed needs of each supplier and targeted at world class standards of performance. The training and development covers all relevant disciplines, including lean operations, manufacturing processes, purchasing, cost modelling and leadership.