The Parliamentary Under-Secretary of State for Work and Pensions (Maria Miller)
The Remploy annual report and financial statements 2011 are published today. Copies will be placed in the Libraries of both Houses and will be available in the Vote Office and the Printed Paper Office later today. Electronic copies will be available on the Remploy website:
http://www.remploy.co.uk/about-us/corporategovernance/annualreports.ashx
I have written to the chairman of Remploy formally approving the agreed 2011-12 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 2011-12 financial year and achieve: | |
operational funding result of | £97.7 million |
modernisation of the business within a cost of | £5.4 million |
Factory businesses to achieve: | |
an operating result (loss) of | £52.5 million |
cost per disabled employee of | £24,000 |
Employment Service business to achieve | |
an operating result of | £28.2 million |
total job outcomes of | 18,000 |
—of which total disabled job outcomes | 16,500 |
—of which Work Choice job outcomes | 7,500 |
—of which other Grant-in-Aid funded outcomes | 1,000 |
—of which other disabled job outcomes | 8,000 |