The cost of running and setting up the National Skills Academy for Nuclear for three years to 31 December 2010 is £6.6 million. Of this, £3.75 million came from the public sector—the Learning and Skills Council.
The annual running cost of the academy in 2010 will be around £1.5 million. Of this, £311,000 will come from the Learning and Skills Council and the rest from employer/provider contributions and other revenue sources.
In line with the Government policy, Skills Academies are required to move to a wholly industry funded model within three years. The National Skills Academy for Nuclear should be self financing by the three year deadline in December 2010.