The scheme, spearheaded by the Royal Foundation’s Business Taskforce for Early Childhood and the Co-op, hopes to create more than 600 apprenticeship opportunities across public, private and voluntary sector settings.
It will be delivered through the Co-op Levy Share service, which allows partner organisations to pledge up to 50% of annual unspent apprenticeship levy funds and share them in a targeted way to support placements in sectors facing workforce shortages.
The Co-op is creating a specific fund in support of early childhood, with a starting pledge of £1mn from members of the Royal Foundation’s Business Taskforce and a commitment to raising £5mn over the next five years, with additional pledges from Mid-Counties Co-operative.
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