Compliance essential series: Understanding Apprenticeship Financial Management – Funding, Forecasting, Costs and budgeting

Apprenticeship financial management is complex.

Do you and your organisation know whether your provision is modelled effectively and profitably? Do you meet the compliance obligations for pricing and costs?

Getting your apprenticeship pricing right is essential for DfE compliance but perhaps more importantly for operating a financially sound apprenticeship programme. This three part webinar series is designed for role holders working in finance or operations to understand the funding methodology in apprenticeships, the compliance obligations and benefits of effective implementation.

For example:

• How do you measure whether a new apprenticeship standard is financially viable for you to deliver?
• Are you clear on what the apprenticeship actually costs you to deliver and where a profit margin can be made?
• Can you forecast revenue effectively and identify profitability?
• 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)?

In the webinar series, we’ll help you to understand:

• the apprenticeship funding model in England
• understand price components of training and assessment
• eligible and ineligible costs, how to identify these at a budget level and implement an effective offer to an employer
• cost models and options
• the importance of effective contracts with employers
• the role of employer co-investment and models of collection to ensure compliance
• Additional funding components: additional payments and learning support
• the impact of prior learning on cost models
• Employer-provider variables

You will receive a CPD attendance certificate after the series, as evidence of your personal development.

David Lockhart-Hawkins, SDN’s funding and compliance expert will facilitate this series. After working in the sector for over 20 years, David has supported hundreds of providers to establish effective compliance systems. His in-depth understanding of funding and wider apprenticeship delivery gives him a unique insight into compliance across the organisation.

Booking and payment:

You can either attend the live sessions or be sent the recording and materials if you prefer to review them in your own time.

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)

SDN CPD is designed for Government funded Training Providers. If you’re not a Government funded Training Provider but are still interested in attending please email events@strategicdevelopmentnetwork.co.uk to discuss your attendance in more detail before booking.

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.

Unable to make date / times? Register anyway and we’ll send you the recording and materials.