Reskilling The Recovery - LSBU Leverages Levy For Apprenticeships

Reskilling the Recovery

London South Bank University is donating £150,000 to Reskilling the Recovery which is creating new apprenticeships for low-paid Londoners.

London South Bank University (LSBU)'s donation comes from unspent apprenticeship levy funds. It will be used to cover the tuition fees of apprentices in small businesses that have been hardest hit by the Covid-19 pandemic. These funds will help support the local economy in London and promote inclusion within SMEs by supporting BAME and female apprentices into better paid, more productive jobs.

 

Reskilling the Recovery

Reskilling the Recovery is being run by London Progression Collaboration (LPC). Over £4 million has been pledged to by large employers from unspent levy funds paid by employers towards the cost of supporting degree apprenticeships. The LPC estimates that £470 million of 2018/19 apprenticeship levy funds were unused by employers. This is not likely to change in the short-term –  according to the last London Business 1000 survey, only half (53%) of levy-paying businesses indicated they expect to use apprenticeship funding over the next year.

 

 “LSBU is proud to be able to donate towards the London Progression Collaboration’s Reskilling the Recovery campaign. Our £150k donation will create new apprenticeships and support London’s small businesses who have been particularly hard hit by the pandemic.”

– Sammy Shummo 

Group director of apprenticeships, LSBU

 

Recovery

“Now more than ever, we need to band together to support London's economic recovery from damage inflicted by Covid-19," continues Shummo. "As we adapt, recover and rebuild, we must ensure that London's economy works for all Londoners. More than ever we believe apprenticeships can support people into rewarding employment and help make businesses more resilient.”

Oscar Watkins, who leads LPC’s work with the built environment sector, says: “We’re delighted to be working with LSBU. The university has a powerful history of supporting Londoners to achieve their potential through applied education. These values also underpin everything we are striving to achieve through our Reskilling the Recovery campaign. We hope that many more universities will follow LSBU’s good example, by pledging their unspent apprenticeship levy.”

Picture: London South Bank University is donating £150,000 to Reskilling the Recovery for the construction industry.

www.thelpc.uk/recovery

Article written by Cathryn Ellis
28th April 2021

Share



Related Articles