Over the past five years, the Technical and Vocational Education industry has faced a number of challenges as various events have significantly changed its operating landscape. In the years following the recession, government budget cutbacks led to a drop in training four times greater than any other European country, according to the Institute for Public Policy Research. However, the blow was cushioned by a surge of unemployed individuals seeking to develop new skills. Furthermore, rising university fees have encouraged young people to look at vocational alternatives.
Operators in this industry provide courses and apprenticeships at secondary and post-secondary non-tertiary levels. These courses are typically offered through further education institutions, sixth form colleges, secondary schools and other specialist colleges. Operators also work closely with individual employers to offer on the job traineeships. The industry does not include education for hobby and recreational purposes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.
