Remploy

Work and Pensions written statement – made on 31st October 2013.

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Photo of Esther McVey Esther McVey The Minister of State, Department for Work and Pensions

The Remploy 2013 annual report and accounts will be published later today. I will place a copy of the Remploy 2013 annual report and accounts in the Libraries of both Houses, and electronic copies will be available on the Remploy website.

Remploy’s achievement against targets set by Government for 2012-13
Target Description Target Achievement
To live within the company’s financial means in the 2012-13 financial year and achieve:operational funding result of £97.9 million £97.9 million
Factory businesses to achieve:an operating result (loss) of £40.2 million £32.7 million
Employment service business to achieve:an operating result oftotal disabled job outcomesi. of which Work Choice job outcomesii. of which other disabled job outcomes £28.2 million 17,000 8,500 8,500 £28.1 million 14,735 8,537 6,198
Remploy’s achievement against targets set by Government for 2011-12
Target Description Target Achievement
To live within the company’s financial means in the 2011-12 financial year and achieve:overall operational funding ofmodernisation of the business within a cost of £97.7 million £5.4 million £97.7 million £5.3 million
Enterprise businesses to achieve:an operating result (loss) ofcost per disabled employee of £52.5 million £24,000 £49.2 million £22,400
Employment service business to achieve:an operating result oftotal disabled job outcomes ofi. of which other Work Choice job outcomes £28.2 million 16,500 7,500 £28.1 million 12,463 6,401

I have written to the chairman of Remploy formally approving the agreed 2013-14 performance and resources agreement between the Department and the company, as follows:

Target Description Target
To live within the company’s financial means in the 2012-13 financial year and achieve:operational funding result of £67.3 million
Factory businesses to achieve:an operating result (loss) of £10.5 million
Employment service business to achieve:an operating result oftotal disabled job outcomesi) of which Work Choice job outcomesii) of which other disabled job outcomes £30.3 million 16,000 8,500 7,500