Construction training body CITB is still sitting on a £95.2m cash pile despite the industry’s ongoing skills crisis.

The £95.2m of cash in the bank is revealed in the CITB’s latest set of accounts for the year to March 31 2024 which were published recently.

The training body is funded mainly be levy income from contractors which hit £202m last year as the organisation handed back £128.6m in grants.

CITB said its cash reserves were down from £102.7m last time but still “substantially higher than our policy floor minimum level of £40m.”

The training body also spent more than last year on non-levy expenditure including staff costs which hit £114.8m from £90.6m.

Staff numbers and wages have increased during the year with 763 people working at CITB compared to 666 the previous year.

The training body employed 168 people earning between £60,000 and £100,000 with 14 earning £100,000 plus.