Home » CITB launches new fund in bid to boost construction innovation

CITB launches new fund in bid to boost construction innovation

by Liam Turner
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The Construction Industry Training Board (CITB) has launched a new fund aimed at encouraging innovation within the construction industry.

Launched alongside CITB’s Business Plan for 2023-24 earlier this year, the first-of-its-kind fund invites CITB-registered employers to apply for up to £500,000.

CITB says employers’ ideas must be new and innovative, not previously supported by CITB, and scalable.

The fund is seeking “big picture” ideas that enable shared knowledge and resources across the industry and are sustainable beyond the period of funding.

A key requirement for applications is that the idea should propose and develop solutions on how to enhance at least one of the following areas:

  • Productivity: To improve the efficiency and effectiveness across the supply chain
  • Equality: To ensure that all workers are treated fairly and with respect, regardless of their race, gender, age, ethnicity, religion, or sexual orientation
  • Diversity: To secure the presence of different perspectives, experiences, and backgrounds among the construction workforces
  • Inclusion: To create a work environment that is supportive and welcoming of all workers

Successful applicants may be invited to attend a CITB panel meeting to discuss their ideas in more detail.

For those applications seeking funding in excess of £250,000, there will be an opportunity to present the idea to leading industry figures in a ‘Dragon’s Den’ style pitch.

The external panel consists of four individuals who have been nominated by CITB’s Industry Funding Committee and Nation Councils.

‘Potential to have a huge impact’

Tim Balcon, CITB chief executive, said: “This new fund is a fantastic opportunity to empower employers, enabling them to have greater say in how they train and build on their skills.

“It has the potential to have a huge impact, and I’m really looking forward to seeing the range of ideas come through.”

He added: “We know an additional 225,000 workers are expected to be required by 2027, which is why the fund has carefully selected areas, based on research, that will support construction’s people pipeline.”

Read next: £15m awarded to Welsh universities to develop a new rail innovation centre

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