The 5% Club
|Leo Quinn, Founder|
The 5% Club was founded by Leo Quinn in 2013. Its stated purpose is to address the high levels of youth unemployment and chronicskills shortage in today's society. Its secretariat is increasingly working with government to provide a bridge between the corporate and public sector, with Members of Parliament describing it as the 'gold standard' for businesses supporting skill development. The Confederation of British Industry (CBI) has also endorsed The 5% Club and upon its launch, publicly urged British industry to strive to commit to the 5% employment target.
As of January 2015, The 5% Club registered 50 members, representing 140K employees and 12K apprentices, with an average level of 9%.
Members of The 5% Club are UK companies wishing to invest in skills creation and employability. Members of the club pledge to make at least 5% of its employees apprentices within a 5-year period following their adhesion. Members are required to publish an annual report on their progress.
- Airbus, Founding Member
- Atkins, Founding Member
- Babcock, Founding Member
- Balfour Beatty
- Lockheed Martin
- MBDA, Founding Member
- Ministry of Defence
- QinetiQ, Founding Member
- Renishaw, Founding Member
- Vision Express
- "The 5% Club needs more support if it is to make a difference". Ft.com. Retrieved 2016-06-10.
- "CBI backs training target campaign". Cbi.org.uk. 8 October 2008. Retrieved 2016-06-10.
- Alan Tovey (1 January 2015). "5% Club hits 50 member milestone in its fight against youth unemployment". Telegraph.co.uk. Retrieved 2016-06-10.
- Leo Quinn (8 November 2013). "The 5% Club of apprentices can build a better British economy". Telegraph.co.uk. Retrieved 2016-06-10.
- Brian Groom (7 October 2013). "Leading UK industrialists move to address skills shortages". Ft.com. Retrieved 2016-06-10.
- "Scottish Apprenticeship Week". Balfour Beatty. Archived from the original on 2016-03-02. Retrieved 2016-06-10.