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1. Funding Outlook &
Opportunities Update
Safaraz Ali
Updated June 2015

2. Skills Funding Statement: 2015/16:
•SFA budget reducing 25% per annum.
•Government funding focus for FE - Traineeships, Apprenticeships,
Higher Standards, Better Qualifications,
Apprenticeships Under Reform: Full IMP 2017/18:
•Employers at centre of reform.
•Trailblazers – Employers leading development of frameworks being
replaced by standards. Aim is for first standard based app’s to be
delivered in 2014/15. 8 phase 1, 29 phase 2.
•Consultation to move funding to employer.
•Plans for compulsory cash contribution.
•AGE Grant changed however still available.
Funding Outlook

3. Traineeships:
•Work preparation, english/maths, work placement plus flex
to deliver vocational qualification.
•16hr JSA rule exemption.
•Extended to 16-24, min/max work placement time removed,
8 week consecutive placements agreed with JCP from August
2014.
24+ Loans:
•For Level 3 and 4 stand alone qualifications.
•Growth area and further opportunities here
RPA: Raising Participation Age:
•Must remain in education to age 18 (currently 17) from
August 2015 (includes school 6th
form, FE College courses,
apprenticeships, traineeships).

4. LEP’s (Local Economic Partnerships)
•Increasing in importance, responding to local needs.
Qualification reform:
•14-19 vocational qualifications, technical baccalaureate being
introduced, many qualifications lost funding from August 2014.
SFA changes:
•Further restructuring of agency with large staff reductions.
•PFA audits increasing in importance and rigour.
•Grade 3 Ofsted is the minimum level of expectation

5. Future Opportunities
NEW ESF Rounds on the horizon
Growth case opportunities with SFA for Apprenticeships and for
subcontracting Apprenticeship

6. Future Opportunities
NEW ESF Rounds on the horizon
Growth case opportunities with SFA for Apprenticeships and for
subcontracting Apprenticeship