Sectors - Business

LSBU Donates £150k for New Apprenticeships

The London South Bank University (LSBU) is to donate £150k to ‘Reskilling the Recovery’ which is creating new apprenticeships for low-paid Londoners.

LSBU’s donation from unspent apprenticeship levy funds is to be used to cover tuition fees of apprentices in small businesses which have been hit hardest during the pandemic. The funding will help support the local economy in London and promote including within SMEs by supporting BAME and female apprentices into better paid, more productive jobs.

‘Reskilling the Recovery’ is being run by London Progression Collaboration (LPC) and over £4 million has been pledged by large employers from unspent levy funds paid by employers towards the cost of supporting degree apprenticeships, with the LPC estimating that around £470 million of the 2018/19 apprenticeship levy fund went unused by employers.

Sammy Shummo, LSBU Group Director of Apprenticeships, said: “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.

“Now more than ever, we need to band together to support London’s economic recovery from damage inflicted by COVID-19. 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, said: “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.”

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