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Alan Nuzum CEO Skillnets 18 th February 2009 Introduction to Skillnets Formed in 1999 as an independent body under DETE mandate Enterprise-led Board.

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Presentation on theme: "Alan Nuzum CEO Skillnets 18 th February 2009 Introduction to Skillnets Formed in 1999 as an independent body under DETE mandate Enterprise-led Board."— Presentation transcript:


2 Alan Nuzum CEO Skillnets 18 th February 2009

3 Introduction to Skillnets Formed in 1999 as an independent body under DETE mandate Enterprise-led Board (IBEC/ ICTU/ CI/ CIF/ SFA) Funded through the National Training Fund for Private sector firms Broad cross section of sectors, regions & companies People in employment Support multi-national to small/ medium enterprises Skillnets Mandate: to act as an enterprise-led support body dedicated to the promotion and facilitation of enterprise training, the support of innovation and development of workplace learning - a key element in sustaining national competitiveness 2

4 Skillnets Strategic Framework 2005 - 2010 Four key building blocks form the basis of the Skillnets strategy and inform its programme of activity 3

5 Background to Finuas Networks Programme 2004 IDA commissioned Report by Deloitte Future of International Financial Services Sector in Ireland 2006 Dept of Taoiseach Report, Building on Success - International Financial Services Industry in Ireland 2007 EGFSN & CHG Report Future Skills and Research Needs of the International Financial Services Industry 2008 Clearing House Sub Group Report Developing Skills in the International Financial Services Industry in Ireland – The Fenero Initiative 2009 Finuas Networks Programme 2009 – 2010 18

6 Finuas Networks Programme (Finuas) Finuas is approved up to €2.5m funding for 2009 Envisaged Finuas will be implemented over 5 year period (2009-2013) Funded by Department of Enterprise Trade and Employment from the resources of the National Training Fund Finuas modelled on the successful Skillnets Training Networks programme. Skillnets Ltd is the Managing Agent for Finuas Networks Programme Dedicated to developing enterprise-led learning networks exclusively within the International Financial Services sector Eligible activities must be related to internationally traded financial services – Banking & Capital Markets, Investment and Insurance plus companies providing professional services to this highly specialised sector 19

7 Objectives of Finuas Promote an enterprise-led approach to learning within IFS sector Develop the skills of existing staff and expand the pool of high value, specialised and market-appropriate skills within the industry Increase range and mix of current training and education provision and create flexible learning opportunities Provide new & revised industry-specific programmes and awards that are aligned to business/market needs Put in place a flexible process, which can respond rapidly to industry changes or developments Increase capacity in high-value skills necessary to retain a national competitive advantage for the IFS sector 21

8 International Financial Services Industry Profile Source: Future Skills and Research needs of the International Financial Services Industry, December 2007, Expert Group on Future Skills Needs. 20

9 A Finuas network is a group of private sector companies, of any size, led by a steering group that collaborate to jointly address their training needs in innovative and flexible ways. Applicants must present a detailed training plan with a clear business rationale that demonstrates how the network’s training programme will impact on member companies’ competitiveness and the ongoing employability of their staff. Each Finuas network will have a contracting organisation who will take responsibility for the funding agreement and receive funds from Skillnets on behalf of the network group. What is a Finuas Network?

10 Finuas Network Structure 26 FINUAS network Steering Group Evaluators Consultants Network Contracting Organisation &Promoter Member Companies Company Representatives Trainees Trainers Colleges Certifying Bodies Others Network Manager

11 Finuas Networks Programme Funding Finuas networks operate on co-funded model with member companies contributing matching cash funding Competitive call for network proposals for the period 1st June 2009 to 31st December 2010 Funding available at the following maximum levels up to 50% for Customisation and delivery of Training up to 75% for Development of New Training or Certification Funding for approved networks for 2010 is subject to funding being available and satisfactory performance in 2009. 24

12 Finuas Networks Application Process Competitive call for network proposals for the period 1st June 2009 to 31st December 2010 Application forms and guidelines available on Applications must be submitted by 24th April 2009 Approved networks shall be confirmed in May 2009 Networks commence from 1 st June 2009 Funding for approved networks for 2010 is subject to funding being available at the time and satisfactory performance in 2009 24

13 Finuas Network Contracting Organisation The contracting organisation can be; relevant industry and enterprise organisations industry associations, federations (i.e. employer organisations) trade unions (employee organisations) individual companies on behalf of the network members. network members can create companies (of which the network members are subscribers) in order to assume joint responsibility for the process. Note: Entities who are likely to be providing services to Finuas networks are not eligible to be a contracting organisation 27

14 Types of eligible activities Development and delivery of new education and training courses – such courses must be additional to existing provision and meet a proven demand Updating of existing programmes to ensure current industry relevance Industry seminars/conferences/expert master-classes and networking Delivery of courses with national, international or professional accreditation Flexible delivery mechanisms such as distance, part time modular etc Innovative and applied learning opportunities such as mentoring, e-learning and on the job training. 25

15 Successful Finuas network applicants need; A clear purpose & concrete objectives based on specific business or market needs within the sector Evidence of support from relevant companies who will - participate on a steering group and/or - send staff on training programmes and contribute matching funds Ability to demonstrate how the network will impact on - competitiveness of companies & sector, now and in the future - employability of employees To conduct a Training Needs Analysis (TNA) Capacity to deliver a training plan that provides innovative and quality training and meets agreed KPIs 28

16 Assessment Criteria for Finuas Networks 30

17 Application & Network Development Support Information Event: hosted by Skillnets on 24 February 2009 Individual Support: Support shall be available from a Finuas advisor to assist enterprise groups in developing ideas and proposals. An advisor can be contacted by phoning the Finuas team at 01 2079630 or Application Workshop: Designed to support applicant groups in understanding the Finuas network model, eligibility criteria, application requirements on 11 March Information Resources: Dedicated website all documentation and details of events shall be available on this 29



20 Finuas Timescales Register Interest on-line from 18 Feb Finuas Information Briefing24 Feb Finuas Application Workshop11 March Applications submitted 24 April Approvals Announced mid May Networks commence from01 June Finuas - New Financial Skills to Meet Market Challenges and Opportunities 31

21 Your role? Identify areas within the sector that could benefit from training Encourage other companies to form applicant groups and ensure all key areas of IFS sector are addressed Avail of the supports available from Skillnets Ensure applicant groups address a diverse range of training/ development needs within the sector Work with Skillnets to ensure Finuas is a success Once approved, support Finuas networks to meet agreed KPIs and ensure sector gets full value of available funding in 2009 & beyond 32

22 Your Questions? Who to contact for further information: Tracey Donnery Finuas Programme Manager Skillnets Ltd 01 2079630 33


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