Levy funding investments will expire

In April 2017 the way that apprenticeships are funded changed, with the introduction of Levy Funding; those businesses which qualified invested these sums to an apprenticeship service account with the intention of using those funds to develop the skills and qualifications of team members – but, with little idea about what to do next, many have gone no further, unsure of how to progress, leaving the funds sitting and building as they ponder what to do next.

 

One thing many people haven’t factored in is that there is a cut off point for this money – that 24 months after the initial investment, the invested sum will expire. This means that your money – money which you have already spent through this investment programme, could go to waste, and you will no longer be able to access it for the education of your organisation’s apprentices.

As April 2017 is the earliest these investments could be backdated to, that means that April of this year is the point when many invested sums will begin to expire – and this could be what happens to your money.

To prevent missing out on the chance to benefit from the investment you have – as we said – already made, consider spending the funds which are building up in your apprenticeship investing account on our management apprenticeship courses, which will develop the skills and experience of your workforce; work with us to build the managers and leaders of tomorrow within your existing team.

For more information on the programmes, on how we handle the stress of the finances, and how our courses can enhance the skills, knowledge and professional expertise of your future leaders and managers, give us a call or download our guide, and let’s make the most of the investment you’ve already made, before it’s too late.

Leading by example

 

One of the best things about enabling members of your team to study an apprenticeship in leadership and management is that apprentices are on the ground, in role, as they learn – which means that you are seeing the impact of applying what is learned on the team around you, in real time.

This means not only that the learners have the chance to gain a deeper, more relevant understanding of the things they’re learning, of how they can be applied to the workplace, and how significant each aspect of their development is for their own growth, but for the growth and success of your team, and for the ongoing future of your organisation. The better developed and more highly skilled your workforce are, the stronger your position in the ever-growing market, protecting your company in industry through upskilling and supporting your workforce through development and growth that benefits their career as well as your brand.

Another powerful side effect of apprenticeships is that the people within the learner’s organisation are witnessing and participating in this growth and development. This supportive environment proves to your employees that growth and ongoing development are key, that the culture of learning and development is an integral aspect of your organisation, and that you will support their ambitions for future progression.

In turn, this opens the door to further experience, greater growth and development, to the support of the organisation in this growth, and to a team that is future proofing against changes in the industry, embracing adaptability and building a greater skillset and understanding of the industry, the organisation, the role of leadership in a changing world, and keeping on top of new trends and new technologies.

The most successful leaders aren’t all-knowing, all-powerful – they are human, they listen to their team, they understand that success comes from utilising the strengths of each team member, creating a cohesive, successful whole – rather than depending on one person to be all things.

Allowing for a culture of growth and learning sets a powerful example, and encouraging apprenticeships as a path to development allows people to apply their learning, to develop in a safe and supportive environment, and to benefit from this support so that they can climb the career ladder within an organisation that has always been on their side.

Apprenticeships used to be the poor relation of further education – and this is something we are proud to have been part of changing. The apprenticeships we offer are a widely respected, impactful way to develop any career, and to obtain the knowledge and understanding of leadership, the psychology of leaders, the important traits and behaviours that will make a successful leader, and the tasks and activities that are vital to the role.

Call us today for more information on how we can help you to enable members of your team to take up an apprenticeship in leadership and development – and how, thanks to Levy Funding, it won’t need to cost you a penny.