2 Programme Cost Weighting National Funding Rate per student The funding formulaProgramme Cost WeightingDisadvantage FundingAreaCost AllowanceStudent NumbersNational Funding Rate per studentRetention Factor()Total Programme Funding
3 Programme Cost Weighting National Funding Rate per student Full- and Part-time Funding ratesProgramme Cost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersRetention Factor()National Funding Rate per studentA full time rate based on circa 600 hoursThree part time rates for bands 2,3,4Each funded at mid-point of the bandFor Band 4 ( hours) for 13/14 and 14/15 we will fund at the full time rateBand 1 (below 280 hours) funded as a proportion of 600 hours ie 150 hours gets 25% of the National Full Time funding RateStudent Number statusHours funded at…FundingRate (13/14 allocations)Full time600£4,000Band 4Band 3405£2700Band 2320£2133Band 1% of 600% of £4,000
4 National Funding Rate per student What is Funded?Prog Cost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per student()Retention FactorHours that are:Directly relevant to the study programmePlanned, explicit in the Learning Plan or TimetableSupervised and/or organised by the providerQuality assured by the providerWithin normal working pattern
5 National Funding Rate per student Qualification HoursProg Cost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per student()Retention FactorHours that are delivered towards qualifications that are approved for teaching to year olds under section 96 of the LSC act 2000.
6 National Funding Rate per student Non Qualification HoursProg Cost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per student()Retention FactorNot counted towards a qualificationInformal certificatesNon-qualification activityTutorialsWork experience/Work related activityVolunteering/community activities organised by providerEnrichment activities
7 National Funding Rate per student Not FundedProg Cost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per student()Retention FactorVoluntary extra-curricular activities and clubs delivered during breaks or outside normal working patternStudy that is homework or independent study/research that is not timetabledEmployment or work experience organised by anyone other than by or on behalf of the providerVolunteering/community activities that are not organised by or on behalf of the provider
8 The Bottom LineConsider the needs of the learner – the programme must be relevant to their needsAppropriate information, advice and guidance are vitalWhere does the learner need to get to – progression planning is key
9 Programme Cost Weighting National Funding Rate per student Retention FactorProgramme Cost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per student()Retention FactorSuccess no longer used in funding, a retention factor is now usedApplied at student level, not qualification levelRetained means still studying a core aim on planned end date or leaves early and is recorded as completed the core aimFor academic programmes – still studying one of the academic aimsFor vocational programmes still studying the core aimRetention FACTOR = half way point between Retention RATE and 100%Number of students completedNumber of students startedStudent retention and fundingFundingLeaves before qualifying periodLeaves before planned end and not recorded as completed50%Retained to planned end date and recorded as completed100%Leaves before planned end date and recorded as completed
10 National Funding Rate per student Programme Cost Weighting Disadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per studentRetention Factor()Programme Cost WeightingRecognition that some vocational subjects are more expensive to teach than othersApplied to the student’s whole programmeDetermined by the student’s core aim ie A Levels or substantial vocational qualificationAll academic programmes uplifted by one weight, which has been determined by merging the 2 current academic weightings and low cost vocational programmes and rebasing these as 1,Vocational Programme Weighting categories are being reduced in number and re-set to make it simpler: applied at sector subject areasCost Weighting CategoryAgreed for 2013/14Base1.0Medium1.2High1.3Specialist1.6
11 National Funding Rate per student Disadvantage FundingProgrammeCost WeightingArea Cost AllowanceStudent NumbersNational Funding Rate per studentRetention Factor()Disadvantage FundingRecognises that some students require additional support to participate and achieve if we are to achieve full participation and improve attainmentPrinciple is to create a single budget that institutions use as they see fitDisadvantage FundingEconomicDeprivationPrior Attainment
12 ? ? ? Formula protection funding (FPF) Will be paid for at least three academic years until and including 2015/16, where the move to a basic funding rate per student would otherwise result in a reduction in funding per student.Calculated by comparing funding per student allocated for 2013/14 (excluding transitional protection) with funding per student for 2012/13The operation of formula protection funding for future years will depend on progress of Ministerial Working Group on the reforms for large programmes, A levels and GCSEs.Enables you to move on with curriculum reforms and simplification while final details are resolvedTP from 11/12Formula Protection FundingHigh Needs StudentsStudent Support Funding???
13 ? ? ? High Needs Students (HNS) The place – EFA Funded Element 1 This is the standard Funding Formula as we have described – it is based on lagged student numbers – this aspect rolls on from year to year.Element 2 This is the first £6,000 of additional support – numbers are calculated based on information provided by the local authority about the number of places it is going to commission from each institution and the EFA adds £6,000 for each place to the allocation – completing the place funding.The Plus – Top up Funding – LA FundedElement 3 any funding the individual requires above the first two elements is negotiated and agreed with the student’s home LATP from 11/12Formula Protection FundingHigh Needs StudentsStudent Support Funding???
14 National Funding Rate per student Condition of Funding English & MathsProgCost WeightingDisadvantage FundingArea Cost AllowanceStudent NumbersNational Funding Rate per student()Retention FactorAny student without a minimum grade C in English and/or maths must be working towards this level from 2014/15 Academic YearOr that student WILL NOT be counted in lagged funding for 2015/16DfE will publish a list of what counts as having a grade C – watch the bulletinThese students must enrol on a GCSE, Functional Skills, Free standing maths or ESOLFunctional Skills are a stepping stone towards GCSE and not an end in itself – if the student already has a FS at level 2 then must enrol on GCSEReports to show you how you are doing – Information Management Portal.
15 TraineeshipsFor students not quite ready for the workplace, but looking for an apprenticeship routeA 5-6 month full-time programme comprising:EmployabilityWork experienceEnglish and mathsMust lead to progression into an Apprenticeship