Public services across Nottinghamshire are working together to find the finance staff of the future, throughout the county, through a new cooperative model.
The Chief Finance Officers of the county council, district councils, Nottingham police authority and Nottinghamshire fire and rescue services have all agreed to take part in this flexible and cost saving initiative. The organisations will work cooperatively, each contributing funding to the training of a pool of finance graduates. The staffing resource that the graduates provide then allows each public body the flexibility to decide whether it needs a full-time or part-time member of staff depending on their need and the amount of funding they have available at the time.
The scheme is overseen by Nottinghamshire County Council and sees the graduates moving between each body and working on a pro-rata basis. In addition to improving public sector efficiencies this also means that the trainees in the scheme get valuable experience in a variety of different public sector bodies. The trainees will be funded to study to become qualified accountants under the scheme (studying for the CIPFA professional qualification).
Paul Simpson, Director of Finance & Procurement at Nottinghamshire County Council, said:
“This is a fantastic arrangement for everyone involved and shows what can be achieved by local partners working together to deliver a shared goal. An individual organisation may need more finance staff but be unable to afford to take on a full-time graduate trainee with all the associated training costs. This cooperative scheme allows us to pool this cost and only use what we need and can afford.
“It also means that there are more graduate jobs available than would otherwise be the case. We have yet to fill many of these places, but we look forward to working with the future trainees. Ultimately, we hope that this model will be replicated around the country.”
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CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services.