Why is Reskilling the Recovery an important initiative?
We launched Reskilling the Recovery in June 2020, in response to the pandemic. It’s a campaign asking apprenticeship levy payers to pledge unspent levy funds to us, which we’re brokering out for transfer to smaller businesses, to fully fund the cost of apprenticeship training and support.
It’s important because the funds we transfer create apprenticeship opportunities which wouldn’t otherwise exist. Those are chances for someone to get into work, or to access training to move forward in their career. Those progression opportunities were difficult to find before Covid-19. With the pandemic hitting those in low-paid and unstable work the hardest, they’re even more vital now.
We know the last year has been exceptionally challenging for SMEs, who really need the right skills to survive, adapt and recover. Levy transfer funds are making the difference between a business being able to afford to access training, and it being out of reach.