London's South Bank University contributes £150,000 for launching apprenticeship programs in local small businesses within the city of London
In a bid to boost London's economic recovery and create more opportunities for apprenticeships, London Metropolitan University and London South Bank University (LSBU) have pledged their unused training performance funds to the 'Reskilling the Recovery' initiative.
The campaign, run by the London Progression Collaboration (LPC), aims to support London's economic recovery by creating new apprenticeships for low-paid Londoners. LSBU's Group Director of Apprenticeships, Sammy Shummo, stated that LSBU is proud to donate towards the LPC's Reskilling the Recovery campaign.
According to the last London Business 1000 survey, only half of levy-paying businesses indicated they expect to use apprenticeship funding over the next year. However, the LPC estimates that £470 million of 2018/19 apprenticeship levy funds were unused by employers.
The LPC is encouraging other universities to follow LSBU's lead in pledging their unspent apprenticeship levy. Oscar Watkins, who leads LPC's work with the built environment sector, expressed delight at working with LSBU. LSBU has a history of supporting Londoners through applied education, and this donation is seen as a good example by the LPC.
LSBU is donating £150,000 to the 'Reskilling the Recovery' initiative. The funds will support the local economy in London and promote inclusion within Small and Medium Enterprises (SMEs) by supporting BAME and female apprentices into better paid, more productive jobs. The donated funds from LSBU will cover the tuition fees of apprentices in small businesses hardest hit by the Covid-19 pandemic.
The campaign's goal is to help people find rewarding employment and make businesses more resilient through apprenticeships. Over £4 million has been pledged to 'Reskilling the Recovery' by large employers from unspent levy funds. The initiative is creating new apprenticeships for low-paid Londoners, providing a much-needed boost to the city's economy.
London Metropolitan University is also contributing its unused training performance funds to finance the 'Reskilling the Recovery' project. The donation will create new apprenticeships and support London's small businesses who have been particularly hard hit by the pandemic.
Watkins encourages more universities to pledge their unspent apprenticeship levy. The funds will not only support the local economy but also promote inclusion and diversity within SMEs. The 'Reskilling the Recovery' initiative is a significant step towards London's economic recovery and a testament to the power of collaboration and shared resources.
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