KPMG gives £1m to government academy
KPMG is to sponsor an academy to teach inner-London children business skills, becoming the first big professional services firm to get involved in the government's academy programme.
The Big Four firm is teaming up with the Corporation of London, both of which have pledged £1m towards the costs of the academy.
KPMG chairman Mike Rake said that such academies would ultimately benefit employers who found that many school leavers were ‘not equipped for life in any shape or form’, according to the Financial Times.
The government has already set up 17 academies, with the aim of establishing 200 by the end of the decade, 60 in the capital. It is asking for donations from the private sector of up to £2m towards the costs of each academy, with the government making up the rest.