Esf co financing
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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

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Esf co financing

ESF Co-financing

ESFVON Euro Lunch

12 September 2001


Opportunity or threat

Opportunity or threat ?


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


How will it work

How will it work ?


Esf co financing

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


Threats

Threats


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


Esf co financing

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


Esf co financing

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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