We are consulting on a new approach to recommending funding bands.
These are an estimate of the typical eligible costs for delivering an apprenticeship. The band sets a maximum amount the government will contribute to an employer to cover the costs of learning and assessment. Employers pay apprentices’ wages themselves.
The funding band system helps more employers to benefit from apprenticeship levy funding by delivering overall value for money in the programme.
We were pleased to meet around 150 people from across the sector at our virtual events. Thank you to all who attended and shared their views.
We would now like to expand the testing of our proposed model on standards that are already live for delivery. We are looking for volunteers from across the sector to help us do this.
During testing, we would ask you to provide us with the type of information used for the ‘variable’ element of the new model, such as modes of delivery and consumable costs for at least one apprenticeship standard.
We will use this information to estimate the funding band that the proposed model would generate for the standard. This will help us understand the impact of the model and refine it further. We will share details of the funding band which the model would generate for the standard, and any plans we have to adapt the model after testing. Participating in this testing would not lead to a change in your funding bands.
To find out more contact the team on Institute-Funding.CONSULTATION@education.gov.uk by Wednesday 30 September.
Please don’t forget to respond to our consultation on our website before midnight on Tuesday 6 October. Your feedback will help us refine the approach and support us in understanding its impact.
We’ll continue to share updates through this blog to keep you updated on progress. If you have any questions in the meantime, please contact the team on Institute-Funding.CONSULTATION@education.gov.uk