Skills Investment Fund
- Name of the instrument - Local language
- Skills Investment Fund
- Name of the instrument - English translation
- Skills Investment Fund
- Country
- United Kingdom
- Type of instrument
- Training fund
- Type of entry
- Single instrument
- Short description
Companies of the film industry contribute 0.5% of their production costs (capped at GBP 40 860) to the fund. Government also contributes. Grants from the fund may be provided to individuals, freelancers, companies/organisations and higher and further education institutions.
- Short description of the related instruments
nap
- Level of operation
- Sectoral
- Name of a part of the country
- UK
- Name of the region (for regional instruments)
- nap
- Name of the sector (for sectoral instruments)
- Film industry
- Legal basis
Mandatory
- Objective(s) and target(s)
To increase skills investment to ensure a high quality talent pipeline entering the sector
- Year of implementation
- 2008
- Operation/Management
Creative Skillset - Industry Training Board for the film industry - is responsible for collecting the levy and administering the Skills Investment Fund.
- Eligible group(s)
Individuals, freelancers, companies/organisations and higher and further education institutions.
- Group(s) with preferential treatment
None
- Education and training eligible
Firm/sector-specific training based on an investment plan which identifies the skills priorities in the sector.
- Source of financing and collection mechanism
Company levy plus matched Government contribution; employers contribute 0.5% of their core UK expenditure (capped at GBP 40 860). For each pound employers contribute to the Skills Investment Fund, Creative Skillset matches with pound from HM Treasury investment.
- Eligible costs
Fees only
- Frequency of the use
Each year
- Volumes of funding
GBP 647 000 in 2013.
- Beneficiaries/take up
3 345 companies were funded by the scheme in 2013.
- Organisation responsible for monitoring/evaluation
Creative Skillset.
- Monitoring/evaluation reports available
Creative Skillset annual report: http://creativeskillset.org/assets/0000/0259/Annual_Report_12-13.pdf
- Most relevant webpage - in English
http://creativeskillset.org/who_we_help/creative_businesses/skills_inve…
- Most relevant webpage - local language
http://creativeskillset.org/who_we_help/creative_businesses/skills_inve…
- Sources
http://creativeskillset.org/who_we_help/creative_businesses/skills_inve…
http://creativeskillset.org/who_we_help/creative_businesses/skills_inve…