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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. - PowerPoint PPT Presentation
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EFA and SFA funding reform update for 2013/14
30 January 2013
Nick LinfordManaging Director of LsectManaging 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
2012/13 (now) 2013/14 (next year)
Funding per qualification
Standard Learner Numbers on LARA
Funding per student (overtime per Study Programme)
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?)
Funding per student
Student statusHours
required per year
Hours funded at
Full time 540 + 600
Band 4 450-539 600 (interim)*
Band 3 360-449 405
Band 2 280-359 320
Band 1 up to 280 % of 600
*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)
The hours (glh) that count
From September 2013 a list of approved level 3 qualifications will be published for use in performance tables
• Qualification
• Non-qualification (eg tutorial and work-experience)
Full time (540+)
• Qualification
Part time (less than 540)
The new 16-19 funding formula
SN = Student NumbersNFR = National Funding Rate per student RF = Retention Factor PCW = Programme Cost WeightingDF = Disadvantage FundingACA = Area Cost Allowance
(SN x NFR x RF x PCW + DF) x ACA = £
EFA deadlines (assume last day of the month)January : 13/14 student number statements
Confirmation of programme weightings
Tomorrow?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
Implementation from Aug 2013
Final documents due tomorrow...
Lots of ‘modelling’ still to do
New 19+ ‘simple’ and ‘streamlined’ funding
Key change: a ‘learning aim rates matrix’
Final version with 2013/14 rates due out tomorrow (else late)
Return of bands, but funding by QCF credit
The bands based on pounds per QCF credit
Fundin
g p
er
credit
(fr
om
learn
ing r
ate
s m
atr
ix)
Average of £44 per credit
Example NCFE qualifications
Learning aim Qualification title
50029848Certificate in Working with People with Mental Health Issues
50083429 Certificate in Equality and Diversity (QCF)
10062269 Certificate in Safe Handling of Medicines
Next year
Increase
New matrix rate
£811 £30 4%
£724 £143 25%
£811 £30 4%
This year (19+ classroom)
SLN GLH SLN PWF PWF NFR 2012/13
120 0.27 B 1.12 £2,615 £781
100 0.22 A 1 £2,615 £581
120 0.27 B 1.12 £2,615 £781
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 FundingStatement
Dec 2011
Q&A