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Insolvency Service unveils D&I action plan for 2022

The plan commits the Steering Group to focus efforts in 2022 into four key areas: entry into the profession; progression to associate level, and to partner level; taking insolvency qualifications, and becoming a licence-holder

The Insolvency Service, R3 Diversity and Inclusion Steering Group has published its 2022 Action Plan for the insolvency industry.

The Diversity and Inclusion Steering Group was formed in 2021 by the Insolvency Service and R3. Its aim is to bring together practitioners within the insolvency profession to discuss, understand, and take action to address barriers to inclusion and diversity within the sector.

The plan commits the Steering Group to focus efforts in 2022 into four key areas: entry into the profession; progression to associate level, and to partner level; taking insolvency qualifications, and becoming a licence-holder.

The four priority areas aim to help the Steering Group “meaningfully” boost diversity and inclusion, particularly by helping to build a pipeline of diverse talent in the profession.

The group said it also recognises that many recognised professional bodies, insolvency firms, qualification bodies and others within the sector are actively taking forward programmes of work to build and strengthen diversity and inclusion.

Angela Crossley, Steering Group chair, said: “I’m very pleased to share our first Action Plan, for 2022. The Action Plan is a launch pad for taking action as part of this long term project, which wants to ensure the profession is as diverse and inclusive as the wide range of industries and people it works with.”

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