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      Human Capital
      Six capitals/ Human Capital

      Human Capital

      While it’s easy to focus on founders and entrepreneurs of the Arc-wide knowledge economy, a highly skilled, dynamic, and future-proofed workforce will be the lifeblood that emerging innovators need to reach their full potential.

      What does the future of employment look like in the Arc? What are the new ‘tools of the trade’? How can new and existing education institutions in the Arc lay the groundwork for seamless reskilling? How does this play into the ‘Levelling Up’ agenda which seeks to elevate the UK’s domestic workforce in light of structural shifts in employment and job creation?

      How do we rewire our relationship with education to support the knowledge capital taking root in the Oxford-Cambridge Arc?

      To bridge the skills gap and ready ourselves for the Fourth Industrial Revolution, we need to ‘Level Up’ our relationship with education and training. This means fresh thinking around STEM education and the process of obtaining credentials regardless of age, or socio-economic background, widening the relevance of apprenticeships, work placements, and bringing private sector requirements into a more flexible system of teaching with a direct vocational pathway to hi-tec employment.

      Automation, digitisation, and the computerisation of jobs is a moment of opportunity rather than alarm if the rigidity of the education system is addressed early. Students still in schooling must be made aware through careers advice of the relevance of highly-skilled digital jobs, like computer science and coding, while those seeking a transition to future-proof their skillset must be able to do so without substantial trade-offs in their living conditions or displacement from their current work. ‘Micro-credentials’, foundational degrees, and retraining programmes in collaboration with higher education providers are some of the ways in which this shift to a more knowledge-based economy is already occurring in the Oxford-Cambridge Arc.

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