Firms told to invest in education

COMPANIES are being urged to make a “major investment” in education to help prepare youngsters for the world of work.

The Co-op said businesses had to play an increasing role in supporting students as a way of boosting the UK’S productivity record.

The firm is committed to trebling the number of academies it sponsors.

Pippa Wicks, Co-op, deputy chief executive, said industry demands high quality talent but too few were investing to make it happen.

Speaking at the launch of the Co-op Academies Trust annual report, she said: “We are all acutely aware of the productivity gap that exists in the UK and the dynamic nature of the global economy, which is only set to intensify.

“I am not suggesting every business follows the Co-op into sponsoring academies but industry can offer schools and their pupils so much more from providing senior managers as governors to offering structured work experience programmes and site visits.”