Used to assess the financial health of non-college training organisations that hold a contract with the Skills Funding Agency.
Sets out how the Skills Funding Agency (SFA) assesses the financial health of non-college training organisations that it holds a contract with.
The SFA must understand the degree of risk in contracting with those organisations, and establish the recommended value of contracts appropriate to the financial resource of those organisations.
All providers and prospective providers included on the register of training organisations are subject to an assessment of their financial health.
Financial health assessment: self-assessment toolkit and guidance
We have updated our processes to ensure that we continue to deliver a simple and consistent approach to supplier selection.
The self-assessment toolkit will guide organisations through the financial health assessment and help them determine what information is required to undertake an assessment.
Organisations will be required to complete and submit the self-assessment toolkit, as well as their latest financial statements.