The Recruitment and Employment Confederation (REC) believes a number of growth initiatives need to be installed by the government in order to boost jobs in the UK.
For example, allowing SMEs to access even more funding could help instigate a ‘significant’ boost in growth and jobs, according to the REC’s new report – ‘Creating opportunities and jobs’.
The REC also advises that in order to deliver government targets, ministers should consider making the Enterprise Finance Guarantee Scheme even more accessible for firms, reports hrmagazine.co.uk.
In addition, a fast-track training system to develop skills in growth sectors, alongside ensuring immigration policy reflects labour market needs, could create even more jobs in London, Manchester, Birmingham, Nottingham and other recruitment hubs across the UK.
John Cridland, director general of the CBI, has also called on the government to do more.
He stated to freshbusinessthinking.com: “The CBI fully supports the Government’s deficit reduction plan. This is critical for the UK to keep the confidence of international markets.
“However, the Government does have additional resources available – it underspent by £7.8 billion last year and will receive a windfall of up to £4 billion from the 4G spectrum auction next year. We believed that around £1.5 billion of this resource should be targeted on short-term, high-impact measures to support growth,” he added.