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EFA and SFA funding reform update for 2013/14

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EFA and SFA funding reform update for 2013/14. 30 January 2013. Nick Linford Managing Director of Lsect Managing Editor of FE Week. The 16-19 Funding Formula (EFA). http://www.education.gov.uk/aboutdfe/executiveagencies/efa/a00210682/funding-formula-review. Key 16-19 funding formula reforms.

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Presentation Transcript
slide1

EFA and SFA funding reform update for 2013/14

30 January 2013

Nick LinfordManaging Director of LsectManaging Editor of FE Week

slide2

The 16-19 Funding Formula (EFA)

http://www.education.gov.uk/aboutdfe/executiveagencies/efa/a00210682/funding-formula-review

slide3

Key 16-19 funding formula reforms

2012/13 (now)

2013/14 (next year)

Funding per qualification

Funding per student (overtime per Study Programme)

Standard Learner Numbers on LARA

Fixed £ rates with minimum learner glh thresholds

Success factor

Retention factor

Formula Protection Funding (FPF) to last at least until end of 2015/16 (true?)

slide4

Funding per student

*Student in 2013/14 recorded with 450-539 hours will attract part-time funding in 2015/16 allocations

EFA expecting full time learners to do an average of 600 hours per year over two years (eg 660 then 540)

slide5

The hours (glh) that count

Full time (540+)

  • Qualification
  • Non-qualification (eg tutorial and work-experience)

Part time (less than 540)

  • Qualification

From September 2013 a list of approved level 3 qualifications will be published for use in performance tables

slide6

The new 16-19 funding formula

(SN x NFR x RF x PCW + DF) x ACA = £

SN = Student NumbersNFR = National Funding Rate per student RF = Retention Factor PCW = Programme Cost WeightingDF = Disadvantage FundingACA = Area Cost Allowance

slide7

EFA deadlines (assume last day of the month)

January : 13/14 student number statements

Confirmation of programme weightingsTomorrow?

February : Funding statement 2013-14, including the national funding rate

March : Allocations finalised

slide8

New 19+ ‘simple’ and ‘streamlined’ funding

First edition published in October

Second edition published February

Third edition published June

Lots of ‘modelling’ still to do

Final documents due tomorrow...

Implementation from Aug 2013

slide9

Key change: a ‘learning aim rates matrix’

Final version with 2013/14 rates due out tomorrow (else late)

slide11

The bands based on pounds per QCF credit

Average of £44 per credit

Funding per credit (from learning rates matrix)

slide13

Apprenticeships

“Given the major change in the longer term, it as been decided not to proceed in 2013/14 AY with applying the simplified approach to setting Apprenticeships rates to existing frameworks that is being adopted for wider FE qualifications. This approach will, however, be applied for new Apprenticeship frameworks where these are developed. This will ensure that all new funding rates will in future link more transparently to the cost of the component qualifications, with account taken of the additional activities involved in Apprenticeship delivery. All other simplification changes to the system will continue to be made.”

Skills FundingStatementDec 2011

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