The purpose of this project is to invest resources in the development of a new Europe wide foundation vocational training and qualifications network based on IRRV's vocational training framework for real estate valuation training in UK. IRRV is an accrediting awarding body for vocational qualifications in the UK by the main government sponsored national accreditation body, which means that its education department can organise and award its own qualifications. It is therefore is an excellent position to lead a project to deliver a trans-European vocational qualification in real estate valuer training which has eluded all previous attempts to establish at this level a genuine transparent international qualifications regime in valuation across Europe. There is a desire by all partners to make this happen because more and more valuation business is becoming international by nature and larger clients are demanding that valuers are appropriately qualified. Whilst most countries have full professional qualifications linked to cognate degrees, the marketplace lacks a foundation vocational qualification for valuation, so that people with lower level qualifications along with groups such as returnees to work and socially disadvantaged have the opportunity obtain training and certification . The aim of the project is to deliver such a qualification using European VET initiatives with an objective to deliver a training and certification which can be recognised across the partners and ultimately across Europe. No comparable training is currently available in Europe. The characteristics of the consortium that will implement the proposal are that they are six professional bodies in separate countries that are concerned with delivering an effective and ethical expertise in valuation that will serve the economies of each of the countries. Very few of the new Member States, including those which joined in 2004 and 2007, have a sufficiently developed infrastructure to devise and implement a foundation qualification in valuation. However, change is happening at a very rapid pace and Eastern European associations can now make meaningful contributions to such a project. The tangible outcome will be the creation of a series of modules which will form the basis of a trans-European training and qualifications regime which will create in each participating partner country the opportunity for people wishing to develop their valuation skills and assist cross border mobility of those with these skills. The intangible outcomes will be the creation of trans national skills amongst other professionals in related sectors who wish to obtain a foundation level certificate in a key element of the European economy. The intention is to deliver ultimately a solution to valuation training in all member states, where there is a combined footprint of 145,000 valuers, together with other professionals, such as those working in financial services and local government, who will be impacted by this project. The impact envisages an improvement in basic real estate valuation education and training and the creation of a workforce that will benefit from the application of principles of mutual recignition to deliver a consistent understanding of the foundation principles of real estate valuation.