Involvement Options
Becoming a member of IQ Resources
IQ Resources is a Limited Liability Partnership (LLP) and organisations become members of the organisation. Membership is charged at £50 per year and organisations are registered at Companies House as members of the LLP and are required to abide by the IQ Resources LLP agreement.
Joining IQ Qualifications
There are four classes of relationship with IQ Qualifications LLP.
- Centre: IQ recognises centres in an identical way to a traditional awarding body. Centres are able to offer assessment for IQ qualifications. The relationship between the centre and IQ is one of customer and supplier.
- Member: Members are also assessment centres, but they enjoy a symbiotic relationship as they are part of the company and can influence policy and procedures. They also benefit from the financial success of the company.
- Representative member: Representative members are centres and enjoy the same sort of relationship with IQ as members. However, they have a strategic position in their industry sector and co-ordinate satellite centres on behalf of IQ. The representative member essentially provides the customer facing contact for IQ
- Founder member: Founder members can be individuals or organisations, and may or may not be centres. Founder members are the investors in Industry Qualifications Ltd
The comparative benefits of the different types of membership are as follows:
|
|
Centre |
Member |
Founder |
|
Ownership |
Not applicable |
Part of the IQ mutual |
Part of IQ Ltd |
|
Investment |
None |
None |
Share price of current offer |
|
Membership fee (per annum) |
None |
£50 + VAT |
Free |
|
Centre approval visit fee per sector grouping (per annum) |
£300 + VAT |
£200 + VAT |
Member rate if functioning as an assessment centre |
|
Candidate registration and certification fees |
Published centre rate |
Published centre rate |
Discounted centre rate if functioning as an assessment centre |
|
Dividends/investment payments IQ pays a fixed fee to investors based upon turnover, & surpluses after investment are returned to members |
None |
A share of surpluses, dependent upon expenditure |
A share of the annual investor’s fee. If a member as well, a share of surpluses, dependent upon expenditure |
|
Influence on policy and procedures |
None |
Yes |
Yes |
|
Opportunity for Endorsement of training materials |
No |
Yes at published rate |
Yes at published rate |
|
Co-branding |
No |
Yes, depending on qualification type |
Yes if a member, depending on qualification type |
|
Promotion of products and services |
No |
Yes |
Yes if a member |
|
Involvement in export initiatives |
No |
Yes |
Yes if a member |
|
Board representation |
None |
Can stand for election to members committee |
Can stand for election to Industry Qualifications Ltd Board and if a member, IQ Qualifications members committee |
The relationship between IQ and Representative members is agreed between the two parties.