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The covenant is a voluntary document which sets out how corporate parenting principles will apply to local authorities, and was announced by former Prime Minister David Cameron in May.
Its launch was due to coincide with national care leavers' week, which took place between the 24th and 31st of October.
Yet speaking at the Prince's Trust National Care Leavers' Week Conference, Timpson revealed that a number of government departments are yet to commit to the covenant despite the Department for Education's efforts.
He went on to announce that in light of these delays, the DfE would be seeking to formally launch the covenant in the new year.
"We're working to encourage all of the government departments that deliver services and support to care leavers to sign the covenant, setting out what their individual offer to care leavers is," he said.
"And we want more departments to offer internships to care leavers, following the positive lead set by the DfE, the Department of Health and the Department for Work and Pensions, all of whom are recruiting care leaver interns over the next few weeks.
"We also know that care leavers have problems accessing education, training and employment opportunities, so we're working with [further education] colleges and universities to encourage them to sign up to the covenant."
Timpson also encouraged businesses to sign the covenant and commit to offering care leavers experience opportunities, traineeships and apprenticeships.
The covenant is part of a larger effort from the DfE to encourage public, private, and charitable bodies to offer more support and commitments to care leavers.