Developing Strategic Leaders and Managers
Lincoln International Business School works with employers to provide employees with the opportunity to study for a degree while gaining hands-on experience and a professional pathway for future development through a Chartered Manager Degree Apprenticeship. Funded by the Government and employers, these programmes offer professional recognition by the Chartered Management Institute through the award of Chartered Manager status. The programmes combine work-based and flexible blended-learning through online study and face-to-face workshops.
The Chartered Management Degree Apprenticeship is made for employees by employers and directly benefits the organisation in developing its leaders for the future. The Lincoln International Business School helps our apprentices to be responsible citizens, making the right decisions for positive organisational benefits.
Chartered Manager Degree Apprenticeship (CMDA)
The Chartered Manager Degree Apprenticeship is a 'Trailblazer' apprenticeship scheme created by the Chartered Management Institute (CMI), the Chartered Association of Business Schools (CABS) and higher education providers. Funded by the Government and your employer, this apprenticeship combines work-based learning and business education, which upon successful completion, leads to a degree and professional recognition through the award of Chartered Manager status.
As an organisation, If you already pay into a levy, its about maximising this to the benefit of your organisation and employees, this is an investment that may boost productivity, levels of service and operational efficiencies. Non-Levy Paying Organisations can also benefit by contributing 5% of the cost of a degree apprenticeship, the remaining cost is funded by the government.
Transferring an Apprenticeship Levy
If you are a non-levy paying organisation you are able to receive funding for a degree apprenticeship by using the ‘levy transfer’ which would mean partnering with a levy paying organisation, who have unspent funding. The transferring employer has the option of transferring up to 25% of their annual levy contribution to another employer.
A levy paying organisation may transfer to such organisations within your supply chain, local charity, key business partners, business within the local area for example. The cost of an apprenticeship will be paid by the levy transfer, helping the employer receiving the funds develop skills within their workforce. However if the funds do not fully meet the cost of an apprenticeship there is the ability to co-invest, which can require a 5% contribution. Here are a couple of links to explain further:
- Transferring your apprenticeship levy to another employer
- Receive a levy transfer from another employer to fund an apprenticeship
Employers are encouraged to use the Government's Recruit an Apprentice tool at https://www.gov.uk/recruit-apprentice to post vacancies and manage applications for apprenticeships.
GOV.UK - Guide to the Apprenticeship Levy
GOV.UK - ESFA Funding Rules
Chartered Management Institute - Guide to the CMDA