CITB’s latest accounts for the year ending March 31, 2024, reveal it had £95.2m in cash reserves, a drop from the previous year’s £102.7m but still well above its policy floor of £40m. Reports Contract Journal
The training body, which is primarily funded through levy income from contractors, saw this income rise to £202m last year. It returned £128.6m of that in grants to the industry.
CITB also recorded higher spending on non-levy activities, including a significant rise in staff costs, which increased to £114.8m from £90.6m the year before.
Staff numbers grew over the year, with 763 people employed compared to 666 previously. Of these, 168 staff earned between £60,000 and £100,000, while 14 were paid more than £100,000.