Written question asked by Tony Baldry (Conservative) on Wednesday, 30 November 2011, in the House of Commons. It was due for an answer on Monday, 5 December 2011. It was answered by John Hayes (Conservative) on Monday, 5 December 2011 on behalf of the Department for Business, Innovation and Skills.

Training: Finance

Question: To ask the Secretary of State for Business, Innovation and Skills pursuant to the statement on page 57 of the Autumn Statement (Cm 8231) that the Government will provide £4 million to Skills for Logistics to improve training approaches to increase the competitiveness and productivity of the logistics sector; how will these funds be allocated; who can apply for funding; and if he will make a statement.

Answer: Skills for Logistics have secured investment funding from the Employer Investment Fund administered by the UK Commission, of up to £4 million to undertake four strands of work over a two-year period. The investment funding is to work with employers to enhance the attractiveness of the sector to young people and individuals currently not employed in the sector. The investment will build skills solutions that ultimately inform and lay the foundations for a Modern Logistics Guild. This investment works with co investment from larger employers who are looking to establish an employer bond which will underwrite loans to small and medium enterprises (SMEs) for apprenticeship training.

Secondary information

Type: Written question
Reference: 84938; 537 c173W
Session: 2010-12
Related items: Autumn Statement 2011. (Vote)
Tuesday, 29 November 2011
Command papers
House of Commons
Subjects: Finance Training
Link: View this Written question on www.publications.parliament.uk