It has been reported that the management degree apprenticeship standard is set to have its funding slashed by a massive £5,000 and funding rates for two other management standards – including the most popular standard, for team leader/ supervisor – will also be reduced.
All three apprenticeships together accounted for almost 20,000 starts in the first nine months of 2017/18, were part of the Institute for Apprenticeship’s funding band review, which began in May.
The planned cuts will see the higher level management degree apprenticeship have its funding cap cut from £27,000 to £22,000, pending approval by the education secretary Damian Hinds.
The band for the level five operational/departmental manager standard will go from £9,000 to £7,000, while the level three team leader/ supervisor standard will be capped at £4,500 – down from £5,000.
The team leader/ supervisor standard is the most popular to date, with 12,080 starts in the first nine months of 2017/18, while the operational/ departmental manager is the fourth most popular with 5,530 starts over the same time period.
And there have been 1,750 starts on the level six standard, making it the most popular degree apprenticeship.
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