Association News

CMI Welcomes Budget Cash

CMI Welcomes Budget Cash


Petra Wilton, Director of Strategy and External Affairs at the Chartered Management Institute (CMI), responding to the Chancellor’s Spring budget announcement of a £500m investment in young people’s technical education said,


“For the UK economy to punch above its weight post-Brexit we need to start ramping-up the number of young people entering the labour force with work-ready higher skills. That’s why CMI welcomes the Chancellor earmarking £500m a year to support 16-19-year olds in technical education.


“According to our research, one-third of 16-21-year olds in the UK aren’t confident of finding a job in the next few years. Alongside championing the Government’s apprenticeship agenda, we support this transformation of technical education that will lay clearer career paths for those leaving school. But to deliver the highly skilled workers we’ll need to compete post-Brexit, these technical routes must be developed with employers and aligned with the new breed of apprenticeships.”


The CMI has recently claimed Gold at the App4England Awards, its first award for its work in the apprenticeship sector. It was named in the ‘Support Organisation to the Apprenticeship Sector (Charity/Not-For-Profit)’ category at the App4England Awards ceremony held on Tuesday 7 March at London’s Grange Tower Hotel. More than 60 employers and organisations were shortlisted in the awards programme. 


CMI was recognised just 16 months after the launch of Chartered Manager Degree Apprenticeship in November 2015. The trailblazer degree-level apprenticeship was developed by a group of more than 30 leading employers, including Serco, Nestle and Barclays, and supported by CMI. UK Universities has already tipped Chartered Manager Degree Apprenticeship to become the most subscribed of the new breed of degree-level apprenticeships to be created under the Government’s Trailblazer scheme.


CMI has also supported the development of other management apprenticeships to provide new pathways for employers to invest in their managers at all levels. This includes the introduction of the Team Leader and Operational Manager apprenticeships in June 2016, and the anticipated launch this summer of the Master’s level senior leader’s apprenticeship.