Getting your apprenticeship costings right is essential for ESFA compliance and for operating a financially sound apprenticeship programme.
You’ll need to consider these questions:
- Are you clear on what the apprenticeship actually costs you to deliver and where a profit margin can be made?
- Are you clear on what are eligible and ineligible costs and that you aren’t overclaiming or underclaiming funding?
- Are you reporting your training price breakdown correctly to the employer?
- How do you recognise the apprentice’s prior learning and reflect this in your costings?
- Are you applying the correct training price for your own employees (which must be at cost price)?
- How do you measure whether a new apprenticeship standard is financially viable for you to deliver?
In the webinar series, we’ll help you to:
- Be clear on eligible and ineligible costs and how to identify these
- Measure and take the apprentice’s prior learning into account
- Establish a clear rational for your costs – in particular, the training price and assessment price
- Explore different costing models and options
Tools and resources
As well as your three insightful webinar sessions, we will also be providing you will two handy resources to take away.
Apprenticeship Costing Tool – allows you to identify product cost for effective budgeting of the costs of your delivery but also it includes a function to establish a commercial training price in eligible cost categories and a function that can be used to calculate the impact of prior learning.
RPL calculator – allows you to calculate the correct rate of adjustments for prior learning and inform you of the ILR and apprenticeship service values
You can also book in a follow-up consultancy call with SDN’s compliance and funding specialist, David Lockhart-Hawkins, for advice tailored to your organisation.
About your session
The series will be facilitated by SDN Strategic Associate, David Lockhart-Hawkins. David lives and breathes the ESFA funding rules and has worked with providers across the country to establish effective compliance systems. David has been at the forefront of the apprenticeship reform compliance strategies, helping providers prepare to deliver standards.
This series is for anyone involved in the development of apprenticeship costings. This could, for example, include finance staff, compliance staff, employer-facing staff, business development teams, commercial leads, senior managers / decision-makers.
“David’s knowledge and expertise is unparalleled.”
– Event attendee
Booking and payment:
You can either attend live sessions or be sent the recordings and materials if you prefer to review them in your own time. You can also mix and match for whatever works best for your schedule.
If you have several staff who would benefit, let us know and we’ll send you details of the most cost-effective way of accessing the session.
If you’re a public sector body (e.g. Local Authority), and unable to book via card, please email us. When you make a booking, you agree to these Terms and Conditions (including those who request a booking via email and invoice)
Webinar series package
- 3 x live webinars (live attendance optional)
- Q&A segment
- Webinar recordings
- Session slide decks
- Apprenticeship Costing Tool
- RPL calculator
Dates –
Wednesday 6 December, 10:00am – 11:15am
Wednesday 13 December, 10:00am – 11:30am
Wednesday 20 December, 10:00am – 11:30am
Cost – £165.00 (+VAT)
Webinar series & consultancy call package
- 3 x live webinars (live attendance optional)
- Q&A segment
- Webinar recordings
- Session slide decks
- Apprenticeship Costing Tool
- RPL calculator
- Consultancy call
Dates –
Wednesday 6 December, 10:00am – 11:00am
Wednesday 13 December, 10:00am – 11:30am
Wednesday 20 December, 10:00am – 11:30am
Cost
£275.00 (+VAT)
Upcoming live sessions
Get notified when we release new dates for this session:
In-house delivery
If you have a group of individuals interested, we can host a bespoke version for your organisation and tailor the content to you.
Please get in contact, and we can chat through your requirements and timescales:
T: 07415 414877