skills funding agency’s new approach to funding 29 november 2012 gaynor field head of funding...
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Skills Funding Agency’s newapproach to funding
29 November 2012
Gaynor FieldHead 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?
• 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?
• 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
• 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• Apprenticeship funding• Learner support• Learning support• Transitional arrangements
The timeline for change (1)• December 2012 BIS Skills Funding
Statement• January 2013 Refreshed qualification offer
2013/14• January 2013 Funding Rates 2013/14 • January 2013 Funding Rules 2013/14• January 2013 New funding system
descriptor
The timeline for change (2)
• April 2013 24+ Advanced Learning Loans applications open
• August 2013 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
1. The large employer discount will be applied as applicable
2. This is the co-funded rate with an assumed employer contribution of 17.5 per cent. The fully funded rate is £209.
3. 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.
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
Functional Skills
Questions?