From 6 April 2023, the cost of applying for an individual SIA licence for any sector in the regulated private security industry will be reduced to £184.
This is the lowest fee ever since licensing was introduced in 2004. The reduction applies to both new applicants and those renewing existing licences.
Licence holders applying for an additional licence after this date will pay 50% of the new reduced fee.
The reduction has been possible due to various efficiency and cost savings the SIA has made. These savings have also enabled the SIA to increase its resourcing for its inspection and enforcement work, bolstering its footprint and visibility across the UK without increasing the licence fee. The SIA has doubled the number of staff working in intelligence, inspections, and criminal investigations.
The £6 reduction is on top of the existing £20 reduction in fees funded from previous historical surpluses under a rebate scheme approved by the Treasury, which will continue until 2026. It also represents a three percent efficiencies savings in the SIA’s operational costs. The SIA has committed to continue to work hard on further costs savings and efficiencies to keep the licence fee as low as possible.
SIA Chief Executive Michelle Russell said:
The licence payers and public rightly expect us to be as efficient and as economic as possible, providing value for money for those we regulate, while delivering on key public safety agendas. We recognise that £6 may feel like a small amount to many, but in the context of the cost-of-living challenges, for some, every pound counts.
This latest reduction brings the licence fee down to less than it was 19 years ago when licensing was first introduced. We remain committed to regulating the private security industry effectively and efficiently keeping the cost to licence holders as low as possible.
At £184, the new licence fee is at its lowest it has ever been. If adjusted at inflation levels since 2004 the current fee level would be £350.
Further information:
- The individual licence fee reduction applies to applications received from 6 April.
- If an application has not yet reached payment stage on 6 April 2023 it can be cancelled, and the application can be resubmitted on or after 6 April. If payment has already been processed for an application, it cannot be refunded as significant work to process it will have already been completed.
- The Security Industry Authority is the organisation responsible for regulating the private security industry in the United Kingdom, reporting to the Home Secretary under the terms of the Private Security Industry Act 2001. The SIA’s main duties are the compulsory licensing of individuals undertaking designated activities and managing the voluntary Approved Contractor Scheme.
- For further information about the Security Industry Authority or to sign up for email updates visit: www.gov.uk/sia. The SIA is also on LinkedIn Facebook (Security Industry Authority) and Twitter (@SIAuk).