1. Knowledge Transfer Event Graduate Internships Duxford 19 th March 2010

2. Introduction £13.6 Million Government commitment promoted by the Federation of Small Business in conjunction with Universities to access graduate-level skills 8,500 Internships available via 55 Higher Education Institutions (HEI) 60% Allocated to Small Businesses Working with Regional Partners to offer Graduate Internships to businesses located in the East of England Higher Education best placed to provide valuable support to graduates through these difficult economic times bringing employers and graduates together Matching business needs to graduate talent pool at a fraction of the cost and without the ‘hassle’

3. Regional Partnership InstitutionMinimumMaximumSmall BusinessMedium/Large Business Anglia Ruskin3550323 Bedfordshire50753020 Essex501003515 Hertfordshire240400120 NUCA2025 0 UEA531003815 Writtle1520150 Total463770295173

4. Government Priority Areas Minimum Overall TotalsSmall BusinessMedium/Large Business Low-carbon Products and Services2419 Digital Industry5428 Life Sciences and Pharmaceuticals2725 Advanced Manufacturing15 Professional and Financial Services3236 Engineering Construction1827 Industrial Opportunities Presented by the Ageing Society 2023 Other1050 Total295173

5. Examples of Projects Advertising and Promotion Corporate Strategy Customer Service Finance Human Resources Management Intellectual Property via Innovation Management and Organisational Behaviour Marketing Production and Operations Management

6. Benefits for the Graduate? Real World Experience at Graduate Level Enhances CV Reference Opportunity Builds Esteem and Self Confidence Networking with Peers Mentoring and Guidance Access to University Resources and Support Full Time Employment for Duration of Internship

7. Benefits for the Company? Enabling businesses which have not previously recruited one or more graduates to access graduate-level skills Focus on a project that will make a real difference to the business Works full time for the duration of the Internship Light-touch matching to relevant graduates in the ‘talent pool’ to maximise employment opportunities The company has the final decision on graduate suitability Cost-effective and efficient recruitment tool for employers

8. Typical Company Commitment Company Contribution (circa 30 hours per week between 4 and 12 weeks) – Circa £150 to £180 Per Week (all Internships must offer at least the national minimum wage £5.80 per hour for over 22s) Graduate Salary (£1600 per HEFCE Funded Internship) – Circa £250 Per Week To... – Ensure work environment is safe – Have adequate, up-to-date policies in-place e.g. Health & Safety – Engage in a Mentoring programme – Complete End-of-project Assessment Form

9. Where to Apply Apply direct to regional Higher Educational Institutions: Refer to individual websites for more information Business Link East: www.businesslinkeast.co.ukwww.businesslinkeast.co.uk Federation of Small Businesses: graduateinterns@fsb.org.ukgraduateinterns@fsb.org.uk GradsEast: http://www.gradseast.co.uk/http://www.gradseast.co.uk/ Graduates: www.direct.gov.uk/graduateswww.direct.gov.uk/graduates Graduate Talent Pool: www.bis.gov.uk/graduatetalentpoolwww.bis.gov.uk/graduatetalentpool

10. Quotation "Graduate Internships provide excellent opportunities for employers and new graduates alike. Graduates get to apply their high-level level skills in a real working environment, putting into practice many of the talents they will have developed in the course of their degrees such as IT skills and problem-solving. For any new graduate this is a chance to gain valuable experience and add to their CV. Employers will be picking from the brightest and the best of those graduating from the University sector. Interns will provide new talent and enthusiasm to employers for exceptionally good value." (Dr Jeremy Strong, Head of Higher Education, Writtle College)

11. Case Study Manufacturing Transformation Programme (MTP) Re-arranging the place where the finished products were deposited - nearer to the place where they were loaded onto the trucks Something quite obvious, but that nobody had ever got round to doing... sound familiar? Benefits... Products could get out of the door quicker Less movement, so time was saved Freeing up space, via finished products being distributed quicker and efficiently Intelligent pair of hands dedicated to carrying out and achieving a particular task – supported by the experience and expertise of the institution supporting the Graduate Internship University of Cambridge Institute for Manufacturing (IfM) Education & Consultancy Services – includes six days free consultancy from experts at the IfM

12. Summary Can be linked to other funded schemes Emphasis on supporting Small Businesses via placing Graduates who reside in the region Help to foster relationships with businesses via high calibre Graduate Internships Completion by December 2010 Assisting HEIs to respond to the economic situation and to the needs of businesses Together working in partnership we can make a real economic impact within the region

13. Conclusion