The Institute for Apprenticeships and Technical Education (the Institute) has published the results of its recent second funding consultation.
These consultations follow feedback that the current funding band recommendations system is unclear.
At present, funding bands use employer-determined training costs and comparisons with existing qualifications.
The Institute’s first consultation outlined a modified approach to apprenticeship funding. This will use an automated “rates-based” model to provide an early estimate of the total funding available for an apprenticeship.
The second consultation sought feedback on proposed changes to the apprenticeship funding bands. The consultation, which ran between August and October, received 180 responses.
The Institute stated on its website: “The update published today acknowledged broad support for our more transparent new model.”
We will continue to refine the variable element of the model which allows employers to provide more bespoke estimates, and to test the impact of the model. We have also committed to consider ways to manage how changes to funding bands are introduced to avoid market disruption and support employers to access quality apprenticeship provision.”
Anna West, Deputy Director of the Institute’s Apprenticeship Approvals and Funding Team, said: “I would like to thank everyone for taking part in the consultation process. We are determined to get this right and your input is vital.”
“It was really encouraging that many people welcomed the more transparent approach and we are continuing to look at how we can make it work even better.”
The Institute’s funding band consultation results are available to view here.
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