Skills for Logistics to close due to lack of funds
6 January 2015
The board of sector skills council Skills for Logistics (SfL) has today [6 January] announced it will close the business and is considering placing it into administration.
Tue, 6 Jan 2015
The board of sector skills council Skills for Logistics (SfL) has today [6 January] announced it will close the business and is considering placing it into administration.
SfL, set up in 2003, is a charitable organisation that designs and delivers solutions for employment and skills challenges faced by the logistics sector.
A statement from the board cited lack of funding as the reason for its decision: “Like many similar organisations, the significant pension deficit and subsequent on-going recovery payments has placed extreme pressure on a smaller SfL business in a rapidly changing economic environment.
“Skills for Logistics has worked hard to exist and be effective over the last two to three years in the ‘new world’ of substantially reduced public funding for skills initiatives, and now being required to become 100% funded through employer projects has struggled to both replace revenue streams and continue to fund pension recovery payments.”
The board will “seek alternative options for the continuing industry skills projects”.
The board of sector skills council Skills for Logistics (SfL) has today [6 January] announced it will close the business and is considering placing it into administration.
SfL, set up in 2003, is a charitable organisation that designs and delivers solutions for employment and skills challenges faced by the logistics sector.
A statement from the board cited lack of funding as the reason for its decision: “Like many similar organisations, the significant pension deficit and subsequent on-going recovery payments has placed extreme pressure on a smaller SfL business in a rapidly changing economic environment.
“Skills for Logistics has worked hard to exist and be effective over the last two to three years in the ‘new world’ of substantially reduced public funding for skills initiatives, and now being required to become 100% funded through employer projects has struggled to both replace revenue streams and continue to fund pension recovery payments.”
The board will “seek alternative options for the continuing industry skills projects”.
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