Statement
My honourable friend the Parliamentary Under-Secretary of State for Work and Pensions (Jonathan Shaw) has made the following Written Ministerial Statement.
Remploy’s achievement against its targets set by Government for 2008-09:
Target Description Target Achievement To live within the company’s financial means in the 2008-09 financial year and achieve: operational funding result of £121.5 million £121.5 million modernisation of the business within a cost of £23.0 million £34.0 million Factory Businesses to achieve: an operating result of £67.6 million £71.3 million cost per disabled employee of £22,000 £26,000 Employment Service business to achieve an operating result of £29.1 million £29.1 million total job entries of 7,500 7,640 of which WORKSTEP job entries will be 5,500 5,874
Remploy will publish its annual report and accounts today giving further detail of its performance throughout 2008-09. Copies of the annual report and accounts will be placed in the Libraries of both Houses.
In addition, I have, on behalf of my right honourable friend the Secretary of State for Work and Pensions, written to the chairman of Remploy formally approving the agreed 2009-10 performance and resources agreement between the department and the company. The agreement has been negotiated on behalf of my right honourable friend the Secretary of State for Work and Pensions. The targets for 2009-10 are:
Target Description Target To live within the company’s financial means in the 2009-10 financial year and achieve: operational funding result of £128.5 million modernisation of the business within a cost of £10.1 million Factory Businesses to achieve: an operating result of £71.5 million cost per disabled employee of £26,000 Employment Service business to achieve an operating result of £34.4 million total job entries of 9,860 of which Workstep job entries will be 7,000
The full performance and resource agreement for 2009-10 will be placed in the Libraries of both Houses.