AIM-listed Hercules Site Services is launching a Construction Skills Academy
- The labor supply company plans to teach up to 400 students during the first year
- Hercules said the academy will work to improve the skills shortage in the construction sector
AIM-listed Hercules Site Services has opened a construction skills academy to train recruits to work on major UK infrastructure projects.
The labor supply specialist plans to teach up to 400 students during the first year at the academy in Nuneaton, Warwickshire, about 15 miles from the site of the proposed HS2 high-speed rail line.
Hercules said the new school would help improve the skills shortage affecting the UK construction industry, which requires an additional 225,000 workers by 2027 to meet demand, according to a recent CITB report.
Launch: Hercules Site Services plans to teach up to 400 students during the first year at a new build academy in Nuneaton, Warwickshire
Participants will be able to study Health and Safety courses, T levels, National Vocational Qualifications and apprenticeships at degree level.
They can also take specialized training courses on highways, overhead power line awareness, utility spotting and working at heights.
Informal learning organisation, the National Open College Network, the Building Industry Training Board and the Energy and Utilities Skills Register will accredit the qualifications.
Commenting on the launch, Minister for Skills, Apprenticeships and Higher Education, Robert Halfon MP, said: “We are building a nation of skills and apprenticeships, and the Hercules Construction Academy will enable more people to gain the skills and experience they need to build a successful career in the world.” The construction industry, ensuring that the sector can continue to benefit from the talent it needs.
“I’m also thrilled that it will expand access to more degree-level apprenticeship opportunities, allowing people from all backgrounds to earn money while learning without student debt and climb the ladder of opportunity.”
The academy will also train staff to work on major existing projects, including HS2, the Lower Thames Crossing and £96bn infrastructure improvements planned by the UK water sector between 2025 and 2030.
“The historic launch represents an extremely exciting time for Hercules and the broader industry,” said Brosk Korkmaz, CEO and founder of Hercules.
He added: “We recognize the rapid change in the training and skills landscape and believe we can provide the best in construction training across the UK.”
MP for Nuneaton Marcus Jones said: “I know this project will welcome hundreds of participants in the next few years and will train and upskill applicants who will go on to important jobs in construction and infrastructure.”
The launch of the academy comes almost two weeks after Hercules announced annual revenues jumped 71 per cent to a record £84.7 million thanks to strong growth in its labor supply business.
Hercules gained notable clients during this period, such as the water company Anglian Water and the building companies Galliford Try and Balfour Beatty.
In October, it won a five-year contract from Balfour Beatty Rail to provide specialist staff to work on the live tracks.
This helped the Cirencester-based group achieve record pre-damage profits of £4.1m and pre-tax profits almost quadruple to £641,000.
Since the end of September, Hercules has completed its first ever acquisition, buying a majority stake in white-collar recruitment company Future Built Recruitment.
Hercules website services shares It was up 0.4 per cent at 26.6 pence early Wednesday afternoon, although it has fallen by just under half since listing on the AIM mini-market two years ago.
(tags for translation) Daily Mail