The UK Government Skills Funding Agency (SFA) have published a new update regarding funding rules for 2014 – 15. Here's a brief overview of the changes and key points that Further Education Colleges and Training Providers should be aware of.
- Learning Agreements: Now includes assessment of learners participating in a Traineeship. Providers requirements to show that learners will be ready to move onto an Apprenticeship or employment within 6 months.
- Attendance Records: Now includes requirement to evidence attendance and participation in a work placement for learners taking part in a Traineeship.
“Funding Follows The Learner”
Building on the Government mantra that education should lead to employment, providers’ earnings will be affected successful outcomes.
- Track the Learner Journey: Funding is distributed over the learner’s journey from starting the programme to achieving the expected outcome.
- Outcomes: Funding is directly linked to learner retention and achievement of both qualifications and jobs.
- Providers earn funding for what they deliver, when they deliver it.
- Earning Insallments: Earnings are based on monthly instalments so that funding follows the learner for as long as they remain in learning.
- Learning Aim Achievement: For each learning aim the SFA will hold back 20% of the funding. This will only be paid when the learner achieves their qualification or when the framework is achieved.
- Recognition of Upfront Costs: There will be a double payment of the monthly instalments in the first month recognising the upfront costs of enrolling a learner on a learning aim.
- Non-completers: If the learner leaves early, the monthly instalments will stop.
- providers could be paid a job outcome payment (equal to half of the achievement element) if the learner leaves early without achieving their qualification to enter work of 16 hours or more a week for at least four weeks in a row.
- the provider will earn the outstanding monthly instalments and the remainder of the achievement element if the learner subsequently goes on to achieve the learning aim
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Read the full update from the Skills Funding Agency:
SFA funding rules 2014 to 2015 – summary of changes
SFA funding rates and formula