Friday, May 9, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Aberdeen’s X-Academy forced to shut down due to lack of funding

Simon Osuji by Simon Osuji
May 10, 2024
in Energy
0
Aberdeen’s X-Academy forced to shut down due to lack of funding
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Aberdeen’s skills acceleration group, X-Academy has been forced to shut down due to a lack of funding.

The organisation, backed by energy consultancy group Xodus, made the “extremely tough decision” to shut down following a lack of public and private sector funding.

It is understood that due to its ties to a private company, the skills accelerator was cut off from the majority of public funds available.

X-Academy was launched with funding from ETZ Ltd and ScotWind consortium partners, BP and EnBW in November 2021.

BP and EnBW made annual contributions to X-Academy and was aiming to continue to do so, Energy Voice understands.

ETZ Ltd provided funds on behalf of the Scottish government as it is a delivery partner for the North East Economic Recovery and Skills Fund.

It is understood that this was one-time payment and ETZ Ltd never expected to make repeat funding contributions to X-Academy.

Stephen Swindell, chief executive of Xodus said: “We have taken the extremely tough decision to wind down X-Academy after significant efforts to secure public and private sector funding needed at this critical time have not been successful.

“This is not a decision that has been taken lightly given the important achievements and progress X-Academy has made as a non-profit making energy jobs accelerator, however, we are not in a position to continue funding X-Academy indefinitely without additional industry or government support.”

Stephen Swindell, CEO of Xodus Group.

A former X-Academy boss still sees value in having a north-east Scotland-based renewable energies skills accelerator.

Peter Tipler, former Managing Director of X-Academy has since launched a new not-for-profit that looks to pick up where Xodus’ project left off, Energy Jobs Accelerator.

He is now looking for work following the skills accelerator folding.

Mr Tipler said: “The feedback we got from industry was absolutely fantastic, so it’s really clear that the mission was there and we had so much private sector support.”

He explained that there are “a couple of idiosyncrasies of how public sector funding works” that limited the venture.

Mr Tipler continued: “There’s a lot of funding out there for the mission X-Academy had which can only go to independent not for profits.”

He later added: “That meant we were automatically ineligible for something like 70 to 80% of the funding that was out there.”

The Scottish Government was asked for comment on the lack of funding available for the organisation.

X-Academy’s work

Late last year X-Academy published its “Seize the Opportunity” report which forecast a 73,000 growth in energy jobs by 2030, if government and industry collaborate in accelerating the transition to renewables.

The group said at the time that the growth of the renewables job market now will be the determining factor in deciding if the higher end of the job prediction will be met.

Mr Swindell added: “Two years ago, we took the step to think differently about what the sector requires to build out the people capacity needed to deliver the energy transition.

“It was developed by industry, for industry and we are proud that we have created opportunities for people from different skills backgrounds to work across diverse energy projects and supported the Scottish economy.

“I would like to sincerely thank the X-Academy team for their passion and outstanding commitment and our funding partners along with the many stakeholders who supported us along the way.”

Late last year, former North Sea Transition Authority chief executive, Andy Samuel joined the X-Academy as a strategic advisor.

Mr Samuel came into support the senior leadership team in its aim to accelerate clean jobs by preparing the workforce for employment in green fields.

Recommended for you

Dron Dickson minister visit

Energising the future: North-East Scotland’s pioneering journey towards net zero



Source link

Related posts

Zambia approves 62 licenses for electricity projects, others

Zambia approves 62 licenses for electricity projects, others

May 9, 2025
Mozambique, Zambia sign $1.5 billion deal for cross-border gas pipeline project

Mozambique, Zambia sign $1.5 billion deal for cross-border gas pipeline project

May 9, 2025
Previous Post

A new approach to using neural networks for low-power digital pre-distortion in mmWave systems

Next Post

English Firm to Supply $41M in Respirators to UK Armed Forces

Next Post
English Firm to Supply $41M in Respirators to UK Armed Forces

English Firm to Supply $41M in Respirators to UK Armed Forces

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

I&M Bank Extends Partnership with Backbase to Drive Digital Transformation and Elevate Customer Experience

I&M Bank Extends Partnership with Backbase to Drive Digital Transformation and Elevate Customer Experience

6 months ago
Flexport taps Shopify for cash, behind the wheel of the Kia EV9 and where Amazon wants to invest

Tesla profits tumble, Fisker flatlines, and California cities battle for control of AVs

1 year ago
Jamaican billionaire Michael Lee-Chin boosts luxury real estate development with financing support

Jamaican billionaire Michael Lee-Chin boosts luxury real estate development with financing support

6 months ago
‘You Know It When You See It’: The Co-Founder of Roseade Shares the Moment He Realized They Had the Drink of the Summer

‘You Know It When You See It’: The Co-Founder of Roseade Shares the Moment He Realized They Had the Drink of the Summer

9 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.