There will be a number of changes to the CITB Grants Scheme for 2013/2014 including a new training grant for companies that have claimed grant in the last two years, it has been announced.
CITB-registered companies that have received grant in both the 2012/13 and 2013/14 Grants Scheme years will receive a minimum payment of £250, which could rise to 12 per cent – 15 per cent of grants received for companies that have claimed more grant.
The new training grant scheme, which is worth a total of £15m, will run for two years with one payment in winter 2013 based on claims from 2012/13 and a further payment in winter 2014 based on claims from 2013/14.
Companies should claim grant for any eligible training completed during the last year prior to 31 October 2013 in order to receive the maximum amount.
The Supplementary Payment of 22 per cent will continue to be available to companies that submit their levy on time and pay in full or by monthly direct debit.
Companies are required to submit their levy return to CITB by 31 July 2013 to ensure eligibility for grants in 2013/14. If the return is not received by 31 December 2013, the company will forfeit eligibility to all grant payments during the Grants Scheme year.