There are no significant changes to the funding calculation in the funding year 2016 to 2017; the only change is how we set the rates for qualifications.
If we funded the qualification in 2015 to 2016 we will maintain that rate. Otherwise, we will set the rate based on regulated guided learning hours. We are no longer setting rates based upon the credit value of the qualification. For other learning activity not involving a qualification, the rate will be based on the planned hours of the learning.
We invite all colleges and other training organisations to review the rules and share feedback with us. From Monday 1 February to Friday 12 February, we are hosting an online forum on feconnect where we will be taking and answering questions on the Funding Rules. Should you wish to post an item you will need to register, if you aren’t already registered.
We will review all the comments we receive and publish a final version in March 2016.
Should providers have a specific query on their funding or allocations please contact the Service Desk.