£924.3m
£XX.Xm
20,198
603
£XXX.Xm
The government has continuously backed the advancement of technical and vocational education through additional funding, the formation of new qualifications called T-Levels and the apprenticeship levy. Despite continuous government funding being pumped into the industry, revenue has still been squeezed in recent years due to a fall in demand for apprenticeship starts, according to data from the DfE. Over the five years through 2024-25, industry revenue is estimated to fall at a compound annual rate of 1.1% to reach £924.3 million.
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated £924.3m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Seetec Business Technology Centre Ltd | 140.2 | |
Learndirect Ltd | 27.9 | |
Skills Training UK Ltd | 8.2 |
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Industry revenue is measured across several distinct product and services lines, including Preparation for life and work courses, Health, public services and care courses and Arts, media and publishing courses. Preparation for life and work courses is the largest segment of the Technical & Vocational Education in the UK.
Preparation for life and work courses remain the most popular choice to boost employability
Operators in this industry provide courses and apprenticeships at post-secondary non-tertiary levels. These courses are typically offered through further education institutions, sixth-form colleges, secondary schools and other specialist colleges. Operators also work closely with individual employers to offer on-the-job traineeships. The industry does not include education for recreational purposes.
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SIC 85.41 - Technical & Vocational Education in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Apprenticeship Levy is being reformed. This government scheme was intended to boost apprenticeship enrollment numbers. However, the levy hasn’t been successful in funding...
Learn about an industry's products and services, markets and trends in international trade.
Students often go for courses that will help with employability. That’s why preparation for life and work courses remain the most popular choice of technical and vocational c...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
London’s booming business activity brings in lots of players. Because of London’s business activity, it’s easy for students to find work in the capital once their training is...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Government grants and online courses have boosted the industry. The government’s grant of £3,000 for every new apprentice hired between April 2021 and January 2022 supported ...
Learn about the performance of the top companies in the industry.
Seetec thrived by providing remote services in the COVID-19 outbreak. This helped the company to succeed amid difficult economic conditions as they operated through JobPath t...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The number of 16- to 18-year-olds in education reflects demand. The size of this age demographic in full-time education is a good indicator of the level of demand for technic...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The average industry profit margin is low. This is because most colleges operate on a not-for-profit basis. They receive funding from the government and re-invest their surpl...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Technical & Vocational Education in the UK industry in United Kingdom is £924.3m in 2024.
There are 603 businesses in the Technical & Vocational Education in the UK industry in United Kingdom, which has declined at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Technical & Vocational Education in the UK industry in United Kingdom has been declining at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Technical & Vocational Education in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Technical & Vocational Education market in United Kingdom are Seetec Business Technology Centre Ltd, Learndirect Ltd and Skills Training UK Ltd
Preparation for life and work courses and Health, public services and care courses are part of the Technical & Vocational Education in the UK industry.
The company holding the most market share in United Kingdom is Seetec Business Technology Centre Ltd.
The level of competition is moderate and increasing in the Technical & Vocational Education in the UK industry in United Kingdom.