Guidance

Independent training providers (ITPs) financial forecasts

Guidance for independent training providers (ITPs) to provide updated in year financial information.

Applies to England

Documents

Independent training provider (ITP) financial forecasts template

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Details

We are continuing the requirement for some independent training providers (ITPs) to provide updated in year financial information.

This requirement was first introduced in September 2020 in response to the turbulent business climate facing the sector because of the coronavirus (COVID-19) pandemic and related cabinet office guidance.

Independent training providers are currently only required to submit financial information within 9 months following the conclusion of their financial year. As a result, we will contact a proportion of our largest contract holders to request current and forecast financial information. We do not anticipate that the information requested will be anything more than the management information that most providers will already be using internally.

Not all ITPs are within scope. Those that are will be notified individually, in writing, by colleagues in the DfE Post-16 Regions and FE Provider Oversight Directorate. ITPs within scope must complete and return to the Agency, the financial forecast template.

The financial forecast template must be:

  • accurate, complete, and consistent
  • supported by a detailed narrative
  • uploaded and submitted as an Excel file

Submission arrangements will be included in the individual notification.

The closing date for submission is Saturday 30 September 2023.

Published 2 September 2020
Last updated 1 September 2023 + show all updates
  1. We have published the ITP financial forecast template for 2023. The closing date for submission is Saturday 30 September 2023.

  2. We have updated the independent training provider (ITP) financial forecasts template and supporting information for the next collection.

  3. We have updated the information for the September 2021 collection.

  4. First published.