Second wave of IfA Funding Reviews
The Institute For Apprentices is reviewing the funding bands for apprenticeships to ensure they are consistent with funding bands assigned more recently; are based on the most up-to-date information we have available; and allow as many employers as possible to access funding for apprenticeships.
It began in May 2018 by reviewing the funding bands for 31 existing apprenticeship standards and in December 2018 announced a further 30 standards that will be reviewed at the request of the Minister for Apprenticeships and Skills.
This follows the introduction earlier this year of a new process for determining funding bands, and an increase in the number of funding bands from 15 to 30.
These changes resulted in a difference between how older and newer standards were allocated funding bands, which is it says is why the review was needed.
The IfA says its review aims to identify the most appropriate funding band to support high-quality delivery; provide value for money for employers and taxpayers; and ensure consistency in the way older and newer standards are funded.
The Institute expects the full review to be completed by Summer 2019.