Funding Cuts Threaten UK Productivity
The Government have today announced cuts of up to 20% to the funding for a number of management apprenticeships, including the Chartered Manager Degree Apprenticeship (CMDA).
There’s a cruel irony announcing these cuts on a day when the Government is championing the anniversary of the Industrial Strategy and talking up its plans to improve UK productivity.
Management skills are key to boosting productivity, and management apprenticeships are transforming how employers invest in the development of managers and leaders. Management apprenticeships are also a success story in terms of widening participation and supporting social mobility. For example, half of CMDA apprentices are women, and just under half are from the most socio-economically deprived regions of the UK.
The funding cuts put all this at risk. They will damage the market for management apprenticeships, stall critical investment in management development and undermine efforts to boost UK productivity. The more intensive programmes that support young people and drive social mobility will be the hardest hit.
Over 100 employers wrote to highlight the impact that cuts will have, and indeed have already had with some apprentice recruitment programmes put on hold. Today’s announcement shows that Ministers are not in listening mode and is another nail in the coffin of an employer-led skills system.
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The Chartered Management Institute (CMI) is the only chartered professional body for management and leaderships, dedicated to improving managers' skills and growing the number of qualified managers.
Our professional management qualifications span GCSE to PhD equivalents, including the unique Chartered Manager award, which increases earning potential and improves workplace performance. We have been registered as an apprentice assessment organisation by the Skills Funding Agency.
CMI has led the way in developing a suite of trailblazing management apprenticeships with a 40-strong group of employers. These start from Level 3 (team leader) and Level 5 (operations manager) through to Chartered Manager Degree Apprenticeship. The Senior Leader Master's Degree Apprenticeship gives employers the option to upskill up to executive and C-suite level. CMI is a Skills Funding Agency-registered apprentice assessment organisation.
We provide employers and individual managers with access to the latest management thinking and with practical online support that helps them to embrace change, create high-performing teams and keep ahead of the curve.
With a member community of more than 157,000 managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers to build their expertise through online networks, regional events and mentoring opportunities.