Fellowships are open to all MPs, peers, UK MEPs and senior House Staff irrespective of their political party.
Most Fellowships consist of 18 days over 18 to 24 months, and all programmes are explicitly educational and non-lobbying, intended to give parliamentarians a greater understanding of the issues facing business and the British economy.
[2] The Chief Executive is Nick Maher who began at the IPT in July 2011 having previously served in the Ministry of Defence on a team constructing a 'New Employment Model' for the Armed Forces.
In October 2009 the IPT commissioned a research project into the business experience of the Prospective Parliamentary Candidates (PPCs) who stood in the 2010 General Election.
The research found that of the PPCs in winnable seats, less than half (48%) had any form of business management or financial services experience.