Reskilling the Recovery

In June 2020 the London Progression Collaboration (LPC) launched ‘Reskilling the Recovery’, an initiative inviting London’s large employers to pledge unspent apprenticeship levy funds to support the recovery of SMEs following the COVID-19 crisis. Raymond James UK has pledged £50,000 to support these efforts.

Many businesses across the capital have been, and remain affected by the COVID-19 Pandemic, with SMEs amongst the worst hit by the crisis. SMEs play a vital role in London’s business ecosystem and ensuring they have access to the skills and training they need to overcome immediate challenges and thrive in recovery is vital.

By pledging unspent apprenticeship levy funds to Reskilling the Recovery, large businesses can help to cover the costs of apprenticeship training for SMEs, enabling them to take on and train new staff or upskill existing team members

Reskilling the Recovery focuses on providing support to small and medium-sized enterprises (SMEs) within priority sectors and areas and qualification levels 2-4, to enable good quality entry-level and progression opportunities for Londoners.

The apprenticeships created by the LPC have provided vital opportunities for low paid Londoners to build the skills they need to progress in work, at a time of unprecedented challenges.

  • Over two-thirds of apprenticeships created have benefitted young people aged 25 and under (69%)
  • Close to two-thirds of the apprenticeships which have been created have benefitted female learners (65%)
  • Almost half the apprenticeships created have benefitted Londoners from ethnic minority backgrounds (46%)

The project focuses on the following sectors:

  • Hospitality and retail
  • Construction
  • Digital
  • Health & Social Care
  • Leadership & Management

Supporting the campaign

Raymond James UK has pledged £50,000 of their apprenticeship levy funds to the Reskilling the Recovery campaign which will be directed towards:

Construction – green building, environmentally friendly/sustainable building practices

Health care/social work/education – supporting lower-income communities

You may also be interested in

This website works best with cookies. They allow us to see how the site is being used.
If you continue without changing your settings, we will assume you are happy to receive cookies.