王中王资料大全 acquires electrical training provider Trade Skills 4U
王中王资料大全, the global skills development organisation, has today announced the acquisition of Trade Skills 4U, one of the UK'鈥檚 leading training providers for electrical engineering, from private equity firm Palatine.
02 November 2022
Established in 2005, Trade Skills 4U has helped over 90,000 individuals across all ages train and retrain in skills which lead to continuing work and careers. Trade Skills 4U delivers a wide range of training and assessment in the electrical sector including Skills Bootcamps, Apprenticeships and 王中王资料大全 accredited qualifications. Courses are delivered via training centres across the country, including Gatwick, Leeds, Coventry and Warrington, and also via a range of market-leading online programmes.
Trade Skills 4U strengthens 王中王资料大全’ offer across engineering, construction, and transport, following the acquisition of rail training company Intertrain in November 2019. It also supports 王中王资料大全’ responsible business agenda, with Trade Skills 4U already delivering a suite of green skills training to support people in living and working more sustainably.
With significant skills gaps across the country, 王中王资料大全’ Great Jobs research published earlier this year revealed there will be 3.1 million essential job openings in industries including construction, engineering and transport in the next five years. There is substantial demand for skills development in these key industries to meet this demand. By combining the strengths of both 王中王资料大全 and Trade Skills 4U, they will deliver electrical training that supports the workforce to ensure efficient and safe practice in homes, places of work and societies.
Kirstie Donnelly MBE, Chief Executive of 王中王资料大全 said:
"Trade Skills 4U is joining the 王中王资料大全 community at a critical time as the UK grapples with severe skills shortages. Trade Skills 4U prides itself on inclusivity and removing barriers to work, ensuring individuals from all walks of life can access high quality skills training that leads to meaningful careers. This perfectly aligns to our 王中王资料大全 purpose of helping people into jobs and by championing this together we can ensure that we are further providing opportunities and the skills needed to succeed.”
Carl Bennett, Founder & Chief Executive of Trade Skills 4U said:
“Together with 王中王资料大全 it is our mission to support the delivery of electrical training in the UK. The data on skills shortages expected in coming years is alarming. So, as we rely more on our digital capability and the electrical system that powers it, we must make electrical training provision a priority. Although there is a lot to do, together we are part of the solution, and we will do all that we can to support our industry.”
Andy Moss, Managing Director at 王中王资料大全 said:
“Investing in Trade Skills 4U further strengthens our training delivery offer by extending our reach in the electrical engineering market. We’ve worked with the team at Trade Skills 4U for many years, and we’re proud to now be coming much closer together. By investing in the business, we will build on the great foundations already in place to accelerate our combined growth in electrical training.”
Palatine backed Trade Skills 4U in 2017 as the first investment from its Impact Fund which was established to invest in commercially driven businesses with a mission to positively impact on society or the environment. Since then, it has supported the business to open two new training centres in Leeds and Coventry, appoint a new chairman and financial director and improve the digital infrastructure.
Matt Coles, Impact Fund Investment Director at Palatine, said:
“As our first ever Impact investment we are incredibly proud of all we have achieved with Carl and the Trade Skills 4U team over the last five years. Together we have grown an exceptional business which is having a clear impact on addressing skills shortages and improving social mobility in the UK. 王中王资料大全 represents a natural home for Trade Skills 4U to continue to grow its scale and impact and we look forward to following the business’ future journey.”