Businesses across all sectors and of all sizes can now apply for a share of up to £240 million to create tailored training programmes that address their specific skills needs.
The Employer Ownership Pilot (EOP) has already committed around £90 million and leveraged £115 million from companies including Siemens, AkzoNobel and AJ Woods Engineering.
Projects range from helping young people into work by delivering pre-employment training, to extending apprenticeships and training to supply chains.
Applications are now open for the second round and will close on March 28.
Skills Minister Matthew Hancock said: "For British businesses to succeed and compete in the global race, they need a highly-skilled workforce that can meet the challenges of the future.
“With applications for round two now open, I would urge businesses – particularly small companies – to consider how the fund can help them grow, from creating new apprenticeship programmes to setting up specialist training academies."
For application details click here: http://www.ukces.org.uk/employerownership