The company plans to open new centers around the U.K. Palatine with the new investment
The U.K. is facing a skills shortage that could cost the nation £90 billion — or more with post-Brexit changes in immigration.
“Without radical reform, swathes of people face a future where they have skills mismatched for jobs, risking them being in low paid, insecure work, and reliant on benefits, at a huge cost to people’s lives and the local and national economy,” says Richard Leese, of the U.K.’s Local Government Authority.
Launched in 2005, Trade Skills 4U specializes in electrical training and offers courses at four centers in and around London.
With the investment from Palatine, the amount of which was undisclosed, the company plans to open new centers around the U.K. Palatine, a Manchester-based private-equity firm, made the investment from its first Impact Fund.
Palatine reached a £75 million ($92.5 million) first close for the £100 million fund earlier this year.