Skills for Security (SfS), the provider of fire, emergency and security systems apprenticeships, has confirmed that the British Security Industry Association (BSIA) has sold its remaining 49.9% shares in the business.
Full ownership of Skills for Security now sits with The Banks Foundation Ltd (TBFL), led by Simon Banks, who first acquired a 49.9% stake in 2022. Since then, Simon and the team have introduced greater structure to the business and are shaping a long-term vision centred on their commitment to apprenticeships and the fire and security sector.
The move marks a major milestone for SfS, which has grown over the last five years, training more than 3,500 apprentices across the UK, expanding the SfS team to 75, adding seven new training centres and launching the Skills On-Demand digital learning platform to support continuous professional development across the sector.
With the transaction now complete, SfS will continue to work with the BSIA as a strategic partner.
David Scott, Managing Director of Skills for Security, said: “Becoming fully independent is an exciting milestone for Skills for Security. With TBFL’s continued backing, we’re committed to making sure the whole team shares in the growth and success of the organisation, providing all staff with the opportunity to benefit as we move forward.”
Martin Watson, Chairman of the BSIA, said: “Although our shareholding has ended, we remain committed to working collaboratively on initiatives that support the development of skills and future talent for the industry.”
