ABSTRACT
In Chapter 1 we traced the emergence and characteristics of a new paradigm for VET policy in Britain, of which Training Credits are the most complete embodiment. Key elements of that paradigm include:
the creation of customer-driven markets for VET
individual commitment to and responsibility for learning
provision of 'neutral' careers guidance
compulsory use of NVQs, based on competence
use of NTETS and other output targets
payment by recruitment, retention and results
the inspection and formal approval of VET providers.