Education & Training Sector – Key External Drivers

The Education and Training sector has experienced significant external change in recent periods, driven by increased government funding, enhanced regulation, widening skills shortages and a UK General Election on the horizon, all of which are leading Education & Training providers to evaluate their strategic options and market positioning to capitalise on the sector’s strong forecasted growth in 2024.

Against this backdrop we outline the key external drivers in the sector and discuss how training providers can benefit and prosper, by demonstrating agility in responding to these opportunities whilst being aware of potential threats.

  • Education & Training companies offering a comprehensive suite of specialist training courses and a technology enabled service provision will continue to experience strong growth and acquiror appetite throughout 2024.
  • The reduction in apprenticeship starts in the 2022/23 academic year will likely drive increased public sector funding in the Education & Training and Apprenticeship markets, particularly given the widening skills gap and the government’s reskilling agenda.
  • Education & Training companies that can appeal to younger demographic via gamified course provisions and increased learner flexibility through online learning and remote course delivery will continue to act as an alternative to university, driving strong demand and enhanced growth.
  • Upcoming General Election predicted for H224 and the subsequent potential increase in Capital Gains Tax is prompting Education & Training sector business owners to consider their exit options to capitalise on the current regime.

     

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