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A new finance trainee programme will be piloted in the West Midlands, specifically targeted at young people who are not in education, employment or training.
The scheme aims to give a group of trainees an opportunity to work in local public and private sector organisations and gain a valuable finance qualification at the same time.
Trainees will be employed by the Chartered Institute of Public Finance and Accountancy (CIPFA), who will oversee their training programme and work with local employer partners to ensure that paid high quality placements are available.
The funding for the scheme will come primarily from employment partners, CIPFA and through Government funding.
After 12 months the trainees will be able to apply to work for employment providers where vacancies exist, they will have obtained an AAT Level 4 qualification and they will be part CIPFA qualified.
Giles Orr, Head of CIPFA’s Education and Training Centre, commented,
“This new scheme is good for both the trainees and employers. The scheme provides young unemployed people with an opportunity to gain work experience and a qualification but it also provides these employers with a low cost and low risk source of new trainees.
“We are very excited about this pilot model and if it is successful we hope to be able to roll it out around the rest of the country.”
CIPFA Press Office
T: 020 7543 5787
Notes to Editors:
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.