The UK is faced with a shortage of 40,000 STEM graduates every year, along with a shortage of 173,000 skilled workers, all costing the industry £1.5 billion in additional recruitment costs. Employers need to do more to help build the next generation of STEM talent, through cross-industry collaborations and enhanced school engagement programmes.
7 in 10 students would consider a career in STEM by the age of 14 but they fear their lack of experience, lack of network and contacts, and lack of career information will stand in their way of pursuing their dream job.
Employers need to get in front of students at this stage, opening them up to work experience opportunities and introducing them to relatable role models to help boost their confidence and picture themselves in a STEM career from an early age.
Schools need to adopt a more practical approach to their curriculum and teach STEM in a way that is engaging and familiar to students, to drive up their appetite for the subject. They also need more support from employers in delivering career advice to students, especially around apprenticeships, as only 13% are currently considering this path.
UTCs are already paving the way for the next generation of practically-driven STEM talent, aiming to address the gaping talent shortages across the country and drive future economic success.