Tag: funding
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Apprenticeship funding cuts are a ‘major blow’ for construction employers
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Mandy Crawford-Lee, chief executive for UVAC, said: “The government’s policy to remove vital levy funding – that is supporting nine in 10 Level 7 apprentices – is a major blow to construction employers and will leave them facing both huge training bill costs and a skills shortage headache. View the original article and our Inspiration…
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Buildots secures funding for AI platform
Buildots has raised a further $45m (£33.4m) to expand its AI-powered construction management platform. The project brings together advanced AI and computer vision technology and this latest round of funding brings the total to $166m. The funding round was led by Qumra Capital with OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures, and…
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7 Smart Funding Strategies for Construction Supply Delays
The construction industry has suffered many blows in recent years, from rising material costs to supply chain disruptions. But you can weather the storms and navigate supply chain challenges with greater confidence by exploring diverse funding strategies. These are the 7 funding strategies for construction firms navigating supply chain disruptions. Understanding the Supply Chain Crisis…
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Government cuts higher level apprenticeship funding
The UK government has announced plans to “refocus” funding away from Level 7 (masters level) apprenticeships from January 2026. From next year, only existing apprentices or those aged 16-21 will be eligible for levy-funded training. According to the government, the new measures will allow levy funding to be “rebalanced towards training at lower levels, where…
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US DOT opens $1.5B funding round for transit buses and bus facilities
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The U.S. Department of Transportation announced yesterday that $1.5 billion in grants will be available through the Federal Transit Administration’s Buses and Bus Facilities and Low or No Emission bus competitive grant programs. The fiscal…
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Construction employers claim nearly £130m in CITB grants
The Construction Industry Training Board (CITB) has released the year-end figures for its Grants Scheme, which provides support for construction employers and learners. During the 2024-25 financial year, CITB allocated nearly £130 million in grant support. Of this funding, £71.4 million was provided through various apprenticeship grants, supporting more than 30,000 learners and 10,000 employers,…
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Energy Transition Skills Hub receives funding boost
The project has already received £4.5 million from the Scottish government’s Just Transition Fund, £2.3 million from ETZ, and £500,000 from NESCol. Shell has also committed £1.8 million towards the running costs of the skills hub for the first five years, with a view to supporting 1,000 jobs in the region. The hub will include a community…
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viAct Raises $7.3 M in Series A Funding to Expand AI-Powered Safety Solutions
Safety AI startup viAct has announced the successful closure of a US$7.3 million Series A funding round. The round was led by Venturewave Capital, an Irish impact investing firm, with participation from Singtel Innov8, Korea Investment Partners, and PolyU Entrepreneurship Investment Fund. viAct is an AI company dedicated to enhancing safety and efficiency in high-risk…
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$1.3B San Diego border station snares new funding
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. A new San Diego border station and road project got a boost April 15 with a $150 million INFRA Grant from the DOT. The $1.3 billion Otay Mesa East Port of Entry job entails building a new…
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Trump administration ordered to resume IIJA, IRA funding
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. A federal judge Tuesday ordered the Trump administration to take “immediate steps” to reinstate already awarded funding from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, after the president broadly froze the disbursements on his first…