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ISBN 1-85765-872-8

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Executive Summary

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EXECUTIVE SUMMARY

The UK training market is segmented into the private and public sectors. Key Note estimates that the private sector was worth £15bn in 1997, rising to £16bn in 1998. Expenditure has been rising by between 6.1 percent and 7.1 percent a year since 1995. Expenditure on training by the Department for Education and Employment (DfEE) is scheduled at £2.36bn in 1998/1999, with the Welfare to Work programme bringing this to £3.31bn.

Overall, 1998 has been a good year for the training market, with trade sources reporting that the level of training among the top 200 companies has remained strong all year round. Nevertheless, competition is high in some sectors, which has put pressure on profit margins.

This is a highly fragmented industry, supporting a wide range of providers, from the long-established training companies, management consultancies and colleges of further education, to non-profit making organisations, employer associations and information technology (IT) companies.

Public sector training is currently being re-examined and 1997/1998 has witnessed a number of new Government initiatives. The Government has also launched a Green Paper on lifelong learning, which includes plans for Individual Learning Accounts (ILAs) and a University for Industry (UFI), in its attempt to introduce more flexibile learning options.

Attitudes within the private sector are changing, as training gains importance within companies and is increasingly being viewed in a more strategic context. The authority to frame a company's training is increasingly being passed to a training director, while line managers play a significant part in determining training needs.

Among the factors which influence the choice of training provider, the most important are quality of training and the ability to tailor a course to a client's specific requirements. Short courses lasting 1 or 2 days are the most popular. Computer-based training is gaining popularity.

Key Note forecasts that the training market will grow by around 5 percent a year in 1999 and 2000. Thereafter, annual growth will increase to between 6 percent and 7 percent, with the value of the private sector rising to £20m by 2002. As the working population continues to grow, the potential for training remains substantial.

Text © 1998 Key Note

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Last updated by Duncan Nottage 11th February 1999