(l-r) Huw Morgan, Edwina Hart AM, Mary Kent and Chris Sutton

CAVC and CBI emphasise the importance of FE in the financial sector

3 July 2015

CAVC and CBI emphasise the importance of FE in the financial sector

The cream of Cardiff’s financial and professional services industry have attended an event showcasing the work of Further Education institutions in this strongly developing field.

The business breakfast, at the St David’s Hotel and Spa, also highlighted the work of the National Skills Academy for Financial Skills (NSAFS). The event was co-hosted by the CBI Wales and Cardiff and Vale College, which is key partner of the NSAFS in Wales as one of only three colleges in the country to run accredited financial industry training courses and apprenticeships in this growing area.

Speakers included Welsh Government Minister for Economy Science and Transport Edwina Hart AM, Chair of CBI Wales and Chair of the Central Cardiff Enterprise Zone Chris Sutton and Huw Morgan of the Welsh Government’s Financial and Professional Services Panel. CAVC Vice Principal for Commercial Business Development Mary Kent also spoke about how the College is playing a key role in the Cardiff Financial Enterprise Zone and growing financial confidence in the UK and the vibrancy of the financial services sector in Wales, which employs more than 50,000 people and provides 8% of GDP.

Mrs Hart who has recently stood down praised the work of the EZ so far but outlined her high hopes that the metro, City region and relief road would continue. Huw Morgan insisted it was time for Wales to be more confident, and to be more evangelical about our strengths.

Chris Sutton said: “These are exciting times for the College and the Central Cardiff Enterprise Zone. We are just one week away from the official launch of the 170,000 square foot CAVC campus located in the heart of the Enterprise Zone.

“The Central Cardiff Enterprise Zone is closely, but not exclusively, aligned with the financial and professional services sector. In this regard, Cardiff and Vale College has been working hard to support businesses in the financial and professional services sector by putting on courses and training students and employees to meet the skills needs of business in this sector.

“Indeed, one of the success stories for both the College and of Central Cardiff Enterprise Zone has been the expansion of Deloitte. Cardiff and Vale College has worked with Deloitte to create the Deloitte Business Administration Apprenticeship, which has created an opportunity for people to earn whilst they learn. This is a strong example of how Cardiff and Vale College is working with business in order to provide a real alternative to academic learning.”

Edwina Hart AM said: “The creation of the Central Cardiff Enterprise Zone shows our commitment to putting Cardiff on the international map for Financial & Professional Services and creating the conditions business needs to thrive. Inward investment figures published recently show this is already starting to pay-off. In 2014-15 Wales recorded its best ever figures, with the 101 projects across all sectors forecast to create over 5,000 new jobs and safeguard a further 4,520 jobs.”

Mary Kent added: “It has been both valuable and enjoyable to hear directly from the Minister on the progress of the Enterprise Zone and its impact on the wider region. For me, it has been inspiring to see a vision so well supported by infrastructure developments, inward investment activity and above all, the engagement of our local business community.

“The task of developing skills in line with business need is an essential part of creating that ‘ecosystem for growth’. We in Cardiff and Vale College are aware that understanding what employers need is key to helping build for future growth – we are in the business of creating a workforce that will add instant value to any employer.

“As fellow residents in the F&PS Enterprise Zone, we are keen to offer our premises as a venue to encourage business networking, for professional training, or to host inward investment meetings.  And of course, we want to hear your views on how we work together to support the long term skills development the region needs.”

The speakers also discussed the financial and professional services apprenticeships that CAVC offers and their importance to the sector, as well as the College’s new partnership offering apprenticeships with Deloitte.

 Cardiff and Vale College offers apprenticeship courses in financial services, including Deloitte’s Business Administration apprenticeship. If you are interested in an apprenticeship in one of the fastest growing business sectors in Wales, call 030 30 30 10 10, visit www.cavc.ac.uk or email info@cavc.ac.uk