The 'Graduate into Fisheries Programme' which has been running since 1995, has become the 'Graduate Placement Programme' and is now open to all small to medium sized businesses in Shetland.

The programme, which is funded by Shetland Enterprise and managed and monitored by the North Atlantic Fisheries College, aims to assist the development of industry in Shetland through the use of the skills and expertise of recent graduates.  The number of placements each year has been extended to 10-12.
 
The programme attracts graduates to Shetland where they can use their newly acquired skills and knowledge to the advantage of the community as a whole.  Graduates spend a year with a host company allowing them to develop personally and professionally while providing real benefits to the host company, 30 local companies have taken part so far.

The programme is open to any graduate.  Shetland Enterprise estimates that £400,000 has been contributed to the programme since 1995, with 65 per cent of graduates securing permanent work with their host company.

Of the 71 graduates so far, evidence suggests that the majority have remained on Shetland, many of whom are now in managerial positions.  Their salary-earning potential, skills and knowledge has made a significant contribution to the economy of Shetland.

Shetland Enterprise has committed a further £70,000 to the programme between 2005-2006.  Dr Ann Black, chief executive of Shetland Enterprise, said: "For businesses in Shetland to reach their full potential they need qualified graduate level staff particularly in the business disciplines of marketing, sales, product development and commercial management, but also in technical, engineering and scientific disciplines.

"Traditionally there has been a general lack of opportunities for graduates from Shetland to obtain employment matching their qualifications in their home area.  However, this programme helps stem the traditional steady loss from many communities of some of their brightest and most able individuals as a result of the lack of opportunities for them to use their qualifications and skills."