Page 139 - Barrow Town Deal Board Agenda 14/4/2020

Concept 12 Concept Strengths:

▪ Good alignment with developing centre of excellence in
Overview advanced manufacturing and clean growth, upskilling local
people and strengthening progression pathways
The creation of a Skills Hub for advanced academic and
technical skills, offering Level 3 and Higher Education ▪ Clear case of market need, with reference to need for digital
courses. The Institute of Technology will specialise in skills development in aligned policies.
digital across a range of sectors including advanced
manufacturing, health, business and energy. ▪ Significant scale of direct and wider benefits noted

▪ Strong alignment with delivering increased productivity and
Project Name Skills Hub and IoT for Digital
inclusive growth
Project Type Skills and Enterprise ▪ Experience in delivering skills capital investment set out

Total Cost & TIP £20m (£10m requested from TIP / 50% ▪ Good funding leverage (IoT bid) and financial sustainability
Funding Request intervention rate) established
Capital & revenue
Location TBC with options identified

Direct outputs Increased workers with L4+ qualifications; Concept Weaknesses:
number of learners progressing to FE and
HE; number of participants with ▪ Requirement for new build not clear, and options for
employability skills; number of work collaborating with the University Campus project and
experience placements; regeneration of Community Well-being project not set out
under-utilised land
▪ Scale of impacts are not quantified and additionality needs to be
Wider impacts Increased GVA, retention of young people, better understood
reduced worklessness, enhanced digital
connectivity ▪ Dependencies include securing the land and planning
permission, and success of the IoT funding bid
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