As a CITB levy registered business, you’re part of a system that not only supports the growth and development of the construction industry but also offers significant benefits to your organisation. Understanding the ins and outs of CITB levy grants and funding can make a substantial difference in leveraging available resources and maximising your training investments.
Being a CITB levy-registered business entails an obligation to submit an annual levy return. This process is akin to an annual tax return, mandatory and with consequences for non-compliance. Failure to submit the levy return by the specified deadlines can result in the withholding of grant claims or loss of eligibility for future grants.
2023 Deadline:
30 June 2023: Submission required to avoid withholding grant claims.
30 November 2023: Final deadline to maintain eligibility for grant claims.
Spring 2024: Notification of levy assessment and related payments.
2024 Deadline:
30 June 2024: Submission required to avoid withholding grant claims.
30 November 2024: Final deadline to maintain eligibility for grant claims.
Spring 2025: Notification of levy assessment and related payments.
After fulfilling your levy return obligations, you unlock access to standard grants, specifically for short duration and short period qualification grants. These grants can be claimed post-training, typically after training provided by a CITB Approved Training Organisation (ATO). For instance, Level 2 NVQs fetch a grant value of £600 per person. However, it’s advisable to confirm with your training provider whether they handle grant claims on your behalf.
Beyond standard grants, CITB offers a separate Skills and Training Funding pot, which requires a separate application. This funding can cover the remaining costs of NVQs, excluding the NVQ grant mentioned earlier. To qualify for this funding, your business must be up to date with levy return submissions and have fewer than 250 PAYE employees.
Levy = Taxed (tax on their wage bills for PAYE staff and sub-contractors)
Grants = CITB Short Qualification Grant and CITB Short Course Grant
Funding = CITB Employer Networks and CITB Skills & Training Fund
Understanding and effectively utilising CITB levy grants and funding can significantly enhance your organisation’s training and development initiatives. By meeting your levy return obligations punctually and exploring available grants and funding options, you not only invest in your employees’ skills but also position your business for long-term growth and success in the construction industry.
Remember, staying informed and proactive is key to maximising the benefits offered by CITB levy registration. Whether it’s seizing training opportunities or leveraging additional funding support, your proactive approach can make all the difference in nurturing a skilled and competitive workforce.
By staying abreast of deadlines, exploring available grants, and leveraging funding opportunities, your business can thrive in an ever-evolving construction landscape, equipped with the right skills and resources to excel.
So, embrace the opportunities afforded by CITB levy registration and take your business to new heights through strategic training and development initiatives.
Do you need support in other areas of your business? Check out our support page for more information about our grants.