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ESF Co-financing

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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  1. ESF Co-financing ESFVON Euro Lunch 12 September 2001

  2. Opportunity or threat ?

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

  4. What is co-financing ? It means channelling both ESF money and the required match funding to providers in a single funding stream

  5. A co-financing organisation Bodies that do that, having secured their ESF funding direct from the GO, will be called co- financing organisations. CFO

  6. Which organisations ? • Learning and Skills Council • Local authorities • Connexions partnerships • Regional Development agencies • Employment Service (Jocentre Plus) • Business Links • Some other possibilities

  7. Why co-finance ? • Greater coherence • Reduce bureaucracy for providers • Allow innovation & creativity • More systematic monitoring • More emphasis on quality • Address regional priorities

  8. How will it work ?

  9. 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”

  10. 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

  11. 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

  12. 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

  13. Some “local” examples • LSC and City Council “gateway” • Voluntary sector capacity building • LSC, County Council and Connexions • LSC support to innovative projects

  14. Threats

  15. Co-financing is bad because…… • Squeeze out voluntary sector • Mainstream provision • Top down agenda • Fragmentation with lots of CFOs • Regional level bids • More bureacracy

  16. And………. • Small / new providers at disadvantage • Conflict of interest – CFO direct delivery • Lack of transparency • Use of own match funding • Advance funding • Formula funding

  17. Co-financing is good because….. • CFO takes the risk • CFO bears audit burden • Capacity building • Match funding guaranteed • Single claim and management info return

  18. And…… • Single set of records • Predictable profile funding • No 20% held back • Influence co-financing plans • Simplified bidding

  19. 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

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

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