Automotive retail sector receives major boost as IMI secures Government funding.

The Institute for the Motor Industry (IMI) has successfully secured over £3 million of investment on behalf of the automotive retail sector, as part of phase 2 of the Government’s Employer Investment Fund (EIF), to deliver projects to boost enterprise, jobs and growth.

Following a competitive bid process, the IMI has secured investment for all 6 streams of work submitted for consideration by the UK Commission for Employment and Skills (UKCES). Today’s announcement is a great result for the automotive retail sector and further strengthens the Institute’s mandate to improve standards of professionalism across the industry through the qualification, development and recognition of individuals.

The automotive retail sector is a substantial generator of wealth for the UK, turning over £146 billion and generating £25 billion Gross Value Added (GVA) from vehicle sales, maintenance, repair, recovery, parts...