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Remploy

Volume 705: debated on Tuesday 25 November 2008

My right honourable friend the Parliamentary Under-Secretary of State for Work and Pensions (Jonathan Shaw) has made the following Ministerial Statement.

Remploy’s achievement against its targets set by Government for 2007-08

Target Description

Target

Achievement

To live within the company’s financial means in the 2007-08 financial year

Operating result £145.8 million

£145.8 million

To meet the financial target for the overall cost of the factory network

within £100 million

£95.7 million

To meet job entry targets through the company’s Employment Services business

Total job entries 6,000;

6,472

of which Workstep 4,600

4,632

Remploy is due to publish its annual report and accounts in November 2008 giving further details of its performance throughout 2007-08. Copies of the annual report and accounts will be placed in the Libraries of both Houses, when it is published.

On behalf of my right honourable friend the Secretary of State for Work and Pensions, I have written to the chairman of Remploy formally approving the provisionally agreed 2008-09 performance and resources agreement between the department and the company. The performance and resources agreement includes targets for the current year. The agreement has been negotiated on behalf of my right honourable friend the Secretary of State for Work and Pensions. The targets for 2008-09 are:

Target Description

Target

To live within the company’s financial means in the 2008-09 financial year

To achieve an operational funding result of £121.5 million; and to modernise the business within a cost of £23 million.

Factory businesses

To achieve an operating result of £67.6 million; and a cost per disabled employee of £22,000.

Employment Services business—Job Entries

To achieve a total of 7,500 job entries, of which 5,500 will be Workstep job entries, to be achieved within an operating result of £29.1 million

The full agreement for 2008-09 will be placed in the Libraries of both Houses.