Levy payers given a boost on skills investment
CITB-ConstructionSkills has announced that levy payers will receive an extra 12 per cent supplementary payment on their grant claims for the next three years giving employers an added incentive to train this year.
From 1 August, this 12 per cent bonus will be added to the 10 per cent rate introduced last year as part of the redesigned £90 m Grants Scheme. The extra funding will help to meet the changing needs of industry, reward levy payers and ensure the industry has the right skills in place to support economic recovery both locally and nationally.
The temporary rate, which will apply to all grants, including the apprenticeship package, standard achievement/attendance, plant and other specialist training support, is designed to boost skills and training activity and help businesses prepare for forecast growth in the sector from 2013.
The decision to increase supplementary grant payments temporarily came at a meeting of the organisation's employer-led Board, which last month agreed to invest an additional £25 m over the next three years in specific skills and training activities to support the sector following a better than expected year end financial results in 2010.
Mark Farrar, chief executive of CITB-ConstructionSkills, said: 'It is essential that employers maintain investment in the current and future workforce, and by giving this additional boost to supplementary grants, we can add more value to levy payers, helping firms receive even more value on their investment as they prepare for economic recovery.
'The last two years have been extremely challenging for industry and our latest research shows that more than a quarter of construction businesses in the UK reduced their training activity in 2010, with 18 per cent planning to scale back training further this year.
'However, it's important that they train now to ensure that their workers have the skills to help boost productivity and pitch for emerging new contracts, such as through the Government's Green Deal.'
• For more information about the CITB-ConstructionSkills Grant Scheme visit www.cskills.org/grant
20 April 2011