Cardiff University is backing a new graduate scheme that seeks to enhance productivity, innovation and economic growth among businesses in South East Wales and promote the region as a destination for talented graduates.
The Cardiff Capital Region (CCR) regional cabinet has allocated £175,000 for a one-year pilot of the scheme which will provide targeted support for businesses to assist in creating an initial 50 graduate internships in 2019/2020.
The programme has been developed in partnership with the University of South Wales, Cardiff University, Cardiff Metropolitan University, the Open University in Wales, and business representative groups in response to the low graduate retention rate in the Cardiff Capital Region.
Councillor Debbie Wilcox, Leader of Newport City Council and Cardiff Capital Region Cabinet Member for Skills, said: “The high number of students choosing to study here underlines how appealing the Cardiff Capital Region is to young people. However, many who want to stay and seek employment, find themselves underemployed and in lower-skilled positions, especially outside of the public sector.
“As a region, we need to do better for our graduates. In order to raise productivity, we need to show highly-qualified graduates in Wales the opportunities available to them and highlight the investments that are being made in state-of-the art sectors, such as financial technology, cyber security and compound semiconductors.”