CITB Implements Funding Changes, Sparking Industry Criticism

What's Happening?

The Construction Industry Training Board (CITB) has announced changes to its funding mechanisms, leading to criticism from industry bodies. The CITB plans to shut down its Skills & Training (S&T) fund by September 30, citing overlap with its Employer Networks business development funding. The organization aims to streamline funding access for levy-registered employers, but the move has been criticized by the Finishes and Interiors Sector (FIS) for removing a valuable funding route. The CITB's decision comes amid increased demand for training, with its levy income rising by 17% from 2022 to 2024, while grant payments increased by 50%.

Why It's Important?

The changes in CITB funding are significant for the construction industry, as they affect how employers access financial support for training. The decision to streamline funding could impact many firms that rely on the S&T fund, potentially affecting their training capabilities. The criticism from FIS highlights concerns that the CITB may be out of touch with the needs of employers. The move could lead to a shift in how training funds are accessed, impacting the industry's ability to meet pre-pandemic training levels and adapt to increased demand.

What's Next?

The CITB's funding changes may lead to further discussions and negotiations with industry bodies like FIS. Employers will need to adapt to the new funding mechanisms, potentially exploring alternative routes through Employer Networks. The CITB may face pressure to address concerns about accessibility and support for training, possibly leading to adjustments in its approach. Industry stakeholders will likely monitor the impact of these changes on training and development within the sector.