Southwark Council's cabinet has approved plans for an initiative to support the creation of apprenticeships and help residents into jobs.
The local authority will invest £5 million to establish the Passmore Centre, it was announced on 21 March.
In partnership with London South Bank University, the project will see the Passmore Building on Borough Road refurbished and established as the hub for the new Institute for Professional and Technical Education.
It is estimated the centre will be ready to start operating in summer 2018.
Its focus will initially be on STEM subjects (science, technology, engineering and mathematics), mainly to prepare students for a career in the construction industry and health related professions. But later it will broaden its range to include other professional areas which can get people to work in the area, such as hospitality and management.
By 2020, 2,000 students are expected to be taking courses at the Passmore Centre, with an intake of at least 500 per year.
The aim is to have 1,000 Southwark residents graduated from one of the apprenticeship programmes by 2023.
The council’s initiatives to support employment in Southwark will be analysed in the next issue of Southwark magazine, which will be published in June. To receive a copy of the magazine, subscribe here.
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched