Ordinary grants

Your local institute is funded by the CII on an annual basis via an Ordinary grant paid in two tranches – the first in January and the second in July.

This Ordinary grant is paid in accordance with Article 6 of the CII’s Charter which states:

The Institute shall support the activities of independent insurance institutes which have been or may be established locally in any part of the United Kingdom, the Channel Islands or the Isle of Man by Members and which have been approved by the Council insofar as those activities will further the objects of the Institute. In particular the Institute shall contribute annually to the funds of each such independent institute a grant at a rate or rates to be decided from time to time by the Annual General Meeting and may make such other contributions as the Council may from time to time determine.

The Ordinary grant is performance related, in line with protocol developed by local institute volunteers and now overseen by the Local Institute Operations Group (LIOG), the current volunteer working group.

The amount you receive is based on a percentage of your overall local membership taken at June of each year, and your performance based on the results of your annual assessment. This will be between 10% – 14% of your members’ fees.

This funding model seeks to share the available funds equitably, in turn encouraging best practice and supporting the provision of member services across the UK.

Please note if your institute holds reserves of more than 12 months’ operating costs, a reduction to the second tranche of the ordinary grant will be applied.

Your Treasurer will have overall responsibility for your funds; an overview of a Treasurer’s typical responsibilities can be viewed here.

An overview of previous years funding can be found below.

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