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ESF Co-financing. ESFVON Euro Lunch 12 September 2001. Opportunity or threat ?. Agenda. What is co-financing ? Why introduce it ? How will it work ? Progress Threats Opportunities. What is co-financing ?. It means channelling both ESF money and the required match funding to

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esf co financing

ESF Co-financing

ESFVON Euro Lunch

12 September 2001

agenda
Agenda
  • What is co-financing ?
  • Why introduce it ?
  • How will it work ?
  • Progress
  • Threats
  • Opportunities
what is co financing
What is co-financing ?

It means channelling both ESF money

and the required match funding to

providers in a single funding stream

a co financing organisation
A co-financing organisation

Bodies that do that, having secured their ESF

funding direct from the GO, will be called co-

financing organisations.

CFO

which organisations
Which organisations ?
  • Learning and Skills Council
  • Local authorities
  • Connexions partnerships
  • Regional Development agencies
  • Employment Service (Jocentre Plus)
  • Business Links
  • Some other possibilities
why co finance
Why co-finance ?
  • Greater coherence
  • Reduce bureaucracy for providers
  • Allow innovation & creativity
  • More systematic monitoring
  • More emphasis on quality
  • Address regional priorities
slide9

Apply for CFO status

CFO

Consult on draft plans

Submit CF plan

Call for proposals

Regional

Committee

Submit proposal

Govt Office

ESF funds

Co-financed funds

Help individuals

“Provider”

go mapping
GO “mapping”
  • Which CFO for which Measures
  • Measures with no CFO = direct bidding
  • Providers with own cash Match Funding
  • Indicative amount for CFO / non CFO
progress
Progress
  • Regional variations in timetable
  • First round CFOs
    • local LSCs
    • 4 Local Authorities
    • 2 Connexions Partnerships
    • 1 Regional Development Agency
    • 1 Business Link
  • Issues to clear with CFOs
progress 2
Progress (2)
  • Co-financing plans in Sept – Oct
  • Clear outstanding issues
  • Provider proposals in Oct – Jan
  • Co-financed funding from December
  • Most starting in Jan 2002
some local examples
Some “local” examples
  • LSC and City Council “gateway”
  • Voluntary sector capacity building
  • LSC, County Council and Connexions
  • LSC support to innovative projects
co financing is bad because
Co-financing is bad because……
  • Squeeze out voluntary sector
  • Mainstream provision
  • Top down agenda
  • Fragmentation with lots of CFOs
  • Regional level bids
  • More bureacracy
slide16
And……….
  • Small / new providers at disadvantage
  • Conflict of interest – CFO direct delivery
  • Lack of transparency
  • Use of own match funding
  • Advance funding
  • Formula funding
co financing is good because
Co-financing is good because…..
  • CFO takes the risk
  • CFO bears audit burden
  • Capacity building
  • Match funding guaranteed
  • Single claim and management info return
slide18
And……
  • Single set of records
  • Predictable profile funding
  • No 20% held back
  • Influence co-financing plans
  • Simplified bidding
bidding for co financed funds
Bidding for co-financed funds
  • Who are you ?
  • What do you want to do ?
  • Where ?
  • What experience ?
  • What support do you need ?
  • Target groups and outcomes
  • Equal opportunities
question time
Question time

Regular updates at www.esfnews.org.uk/co-financing

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