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Calling all innovators: CITB is offering up to £500k for your ideas

HAVE YOU got a big idea that could have a positive impact on the construction industry? The Industry Impact Fund could be just what you need to turn that idea into a reality.

Launched alongside CITB’s Business Plan for 2023-24 earlier this year, the exciting and innovative new fund invites CITB-registered employers to apply for up to £500,000. Employer’s ideas must be new and innovative, not previously supported by CITB, as well as scalable. The fund is seeking big picture ideas that enable shared knowledge and resources across the industry and are sustainable past the period of funding.

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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. This could be implementing new training methods, improving communication and collaboration among teams, or streamlining workflows to increase outputs.

• 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 by promoting open communication between colleagues, fostering a sense of belonging and creating policies and good practices that ensures workers feel valued and respected.

If your application meets the criteria, you may be invited to attend a CITB panel meeting and discuss your ideas in more detail. If your application for funding exceeds £250,000, you will have the opportunity to present your 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.

Find out more at www.citb.co.uk/levy-grants-and-funding/grants-andfunding/industry-impact-fund/

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