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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30 January 2013
Nick LinfordManaging Director of LsectManaging Editor of FE Week
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
Formula Protection Funding (FPF) to last at least until end of 2015/16 (true?)
*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)
Full time (540+)
Part time (less than 540)
From September 2013 a list of approved level 3 qualifications will be published for use in performance tables
(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
January : 13/14 student number statements
Confirmation of programme weightingsTomorrow?
February : Funding statement 2013-14, including the national funding rate
March : Allocations finalised
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
Final version with 2013/14 rates due out tomorrow (else late)
Average of £44 per credit
Funding per credit (from learning rates matrix)
“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