funding bands | FE Week

Dozens made redundant as ‘good’ apprenticeship provider goes bust

A training provider has gone bust after being “hit hard” by the government’s apprenticeship reforms, putting nearly 40 staff out of work. FNTC Training and Consulting Limited, a provider rated ‘good’ by Ofsted and based in Southampton, was forced to close after suffering from losses of over £200,000 last year and ongoing losses this year. […]

Apprenticeship funding band reviews to include updated ‘affordability measures’ in wake of budget warnings

The Institute for Apprenticeships and Technical Education is updating its ‘affordability measures’ when making funding band recommendations. Minutes published this week for their approval and funding committee, dated 21 March, say the Digital and Data Science Team “gave an update about work to improve the affordability measures, which will be further developed over the next […]

Popular apprenticeship standard to be hit with £2k funding rate cut, claims employer group

One of the most popular apprenticeship standards is in line for a more than 20 per cent funding rate cut, according to the employer group that developed it. The level two hair professional standard was one of 31 named by the Institute for Apprenticeships in May as part of its funding band review. It had […]