With the rapid pace of technological change within the automotive sector, suppliers are required to speedily identify and embed critical skills to secure global competitiveness yet the existence of numerous skills gaps across the sector stifles this.
Whilst the various SETAs offer valuable support for upskilling in the sector, recent data suggest that just 10% of firms in the automotive sector apply for SETA discretionary grants. The High Gear project, implemented by International Youth Foundation (IYF) and supported by NAACAM and Department of Higher Education and Training (DHET), aims to address this poor uptake of discretionary grants through the establishment of the SETA Grant Advisory Service.
The service is funded by the UK Government’s Skills for Prosperity programme and is currently available for NAACAM members in KZN. The service will advise NAACAM members on SETA grant application processes and encourage a more impactful use of SETA funds to support transformation and localisation in the sector, including through increased linkages to the public TVET college system.
As part of the service, the High Gear SETA Best Practice Guide has been developed in collaboration with Engeli Enterprise Development and WomHub. The Guide provides companies practical advice about the funding options available through the SETA; how to successfully leverage them to support transformation (including gender equity) and localisation; and the required governance and reporting procedures that follow.
This guide can be accessed on the NAACAM website. https://lnkd.in/dqWyjBHa