Technical & Vocational Education in the UK - Industry Market Research Report

Technical & Vocational Education in the UK - Industry Market Research Report

Technical & Vocational Education in the UK

Despite continuous government funding being pumped into the industry, revenue has been squeezed in recent years due to a fall in demand for apprenticeship starts, according to data from the DfE. Over the five years through 2022-23, industry revenue is estimated to rise at a compound annual rate of 0.4% to reach £967.2 million.

Operators in this industry provide courses and apprenticeships at post-secondary non-tertiary levels. These courses are typically offered through further education institutions, sixth-form colleges, secondary schools and other specialist colleges. Operators also work closely with individual employers to offer on-the-job traineeships. The industry does not include education for recreational purposes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.