Transcript Gaynor-Field-Skills-Funding-Agency-s-new-approach-to

Skills Funding Agency’s new
approach to funding
29 November 2012
Gaynor Field
Head of Funding Systems
Topics
•New approach to the wider system
•2013/14 funding
•2012/13 changes
A new streamlined funding
system for adult skills 2013/14
How are we simplifying?
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Simplification that works and not just for the sake of it.
A reduced number of rates (£ only!).
A credit based rates process.
A simple funding formula.
A single earnings methodology covering all provision.
Streamlined support funding – ALS/Learner Support.
New funding rules and associated evidence requirements
in one place.
How are we simplifying?
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No historic provider factor
No SLN
No National Rate
No Employer Responsive or Adult Learner Responsive
Simplification – Rates table
Simple funding formula
Funding = rate [x disadvantage x area cost]
Single earnings
methodology
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Qualifying threshold for funding starts (as now).
On-programme instalments.
Achievement element.
Uses in-year delivery to calculate earnings.
Simplified funding What we know
• Funding rate based on start date
• Proportion of Funding remaining affects all funding
• Achievement based on Learning Actual End Date
and Outcome
• Funding cap based on unweighted value per
learner per year
Simplified funding –
Still to finalise
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Apprenticeship funding
Learner support
Learning support
Transitional arrangements
The timeline for change (1)
• December 2012
• January 2013
• January 2013
• January 2013
• January 2013
BIS Skills Funding
Statement
Refreshed qualification offer
2013/14
Funding Rates 2013/14
Funding Rules 2013/14
New funding system descriptor
The timeline for change (2)
• April 2013
• August 2013
24+ Advanced Learning Loans
applications open
New funding system operational
Changes in 2012/13
Amendments
•Date of achievement of
an Apprenticeship
•TUC Awards now
available to Trade Union
reps
•ALS for classroom
learning delivered by
training organisations
•ALN now available to
learners below Level 2 in
English and Maths
•ASN eligibility extended
•Rates changes for
Functional Skills in
English and maths in
Apprenticeships and
standalone learning
Functional Skills
Current
Rate
New
Rate
16 -18 Apprenticeships – Functional Skills
£224
£471
19-24 Apprenticeships – Functional Skills1
£1732
£3623
25+ Apprenticeships – Functional Skills1
£1382
£2903
19+ Standalone Functional Skills delivered through Funding
Model 451
£314
£724
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The large employer discount will be applied as applicable
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This is the co-funded rate with an assumed employer contribution of 17.5 per cent. The
fully funded rate is £209.
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This is the co-funded rate with an assumed employer contribution of 50 per cent in line
with the 2013/14 funding methodology. The fully funded rate is £724.
Questions?