A set of exceptional funding band reviews are being launched today, which will provide an accelerated path to changes for apprenticeship funding, helping to tackle rising costs.
These reviews are targeted at 20 high-volume apprenticeships in skills shortage occupations and priority sectors and will conclude by April 2023. The 20 apprenticeships have been chosen by the DfE, following consultation with provider representative bodies, and taking account of available evidence on the impact of cost inflation on apprenticeships delivery.
Ordinarily, most funding band reviews happen as part of revisions to apprenticeship content, which can be a lengthy process.
However, due to the challenge facing apprentices and providers in the Institute for Apprenticeships and Technical Education will be running a temporary ‘exceptional funding review’ system.
