Round 2 of the Skills for Londoners Capital Fund
29 August 2018
The Mayor of London today announced that LEAP is offering up to £82 million through Round 2 of the Skills for London Capital Fund, available for investment into estate and equipment for London's skills providers. The funding will allow London’s further education colleges and other education and training providers to invest in new, top quality facilities and equipment. £7.2 million of the fund has already been earmarked for the Mayor’s Construction Academy. Launched in June this year, the MCA is a network of construction skills providers across the capital, which will work closely with employers in order to close the gap between the need for more homes and the skills shortage in construction.
Through a successful first round, the Mayor of London approved more than £25 million to various skills providers across London, ensuring the further education sector give all Londoners access to the skills they need to succeed with the SfL Capital Fund.
This new funding round is part of a total investment of £114 million in skills capital through the fund. Total funding is part of the £324 million Growth Deal secured from central Government through the LEAP.
The Mayor of London, Sadiq Khan, said: “London has one of the world’s most vibrant and dynamic economies but many Londoners are not able to share in the prosperity it brings. As Mayor, I’m determined to tackle these challenges head on.
“I firmly believe Londoners should have the skills to succeed in a fair, inclusive society and thriving economy. This funding will ensure the capital’s skills and education sector has the top quality facilities needed to train thousands more Londoners and help them into work – and that London’s businesses can access the talent they need.”
LEAP board member Natalie Campbell, said: “We are delighted to work with the Mayor in helping him realise his ambition for a more skilled workforce in the capital and helping more Londoners gain the specific tools they need to succeed in the city’s ever-changing economy.
“World-leading skills providers need first-class facilities and I look forward to seeing how this funding will benefit learners for years to come.”
Apply by 1st October 2018 and find out more.