CMI comments on Chancellor's speech at Tory conference about tackling productivity

CMI welcomes the Chancellor's plans for investment in a package of measures to tackle the UK productivity crisis. Poor management and leadership is the number one cause of the productivity gap, costing the UK £84 billion every year in lost productivity. Investing in management is vital to turning the 2.4m 'accidental managers' into conscious leaders equipped to lead post-Brexit Britain.

The government's new interventions focusing on training SME leaders in management skills and supporting business to business mentoring compliment the focus on management apprenticeships. This investment is a welcome step in the right direction to make the UK more competitive as we approach an uncertain future.

Ann Francke, CEO, Chartered Management Institute

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Notes to editors

About CMI

The Chartered Management Institute (CMI) is the only chartered professional body for management and leaderships, dedicated to improving managers' skills and growing the number of qualified managers.

Our professional management qualifications span GCSE to PhD equivalents, including the unique Chartered Manager award, which increases earning potential and improves workplace performance. We have been registered as an apprentice assessment organisation by the Skills Funding Agency.

CMI has led the way in developing a suite of trailblazing management apprenticeships with a 40-strong group of employers. These start from Level 3 (team leader) and Level 5 (operations manager) through to Chartered Manager Degree Apprenticeship. The Senior Leader Master's Degree Apprenticeship gives employers the option to upskill up to executive and C-suite level. CMI is a Skills Funding Agency-registered apprentice assessment organisation.

We provide employers and individual managers with access to the latest management thinking and with practical online support that helps them to embrace change, create high-performing teams and keep ahead of the curve.

With a member community of more than 157,000 managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers to build their expertise through online networks, regional events and mentoring opportunities.