SKILLS FUNDING AGENCY PUBLISHES FUNDING GUIDANCE FOR 2016/17
The Skills Funding Agency has today published the funding guidance, rates and formula for 2016/17 across 10 individual documents.
It explained that the plans for skills devolution and reform of apprenticeships had provided an opportunity "to review and rationalise our current funding approach and the way we present the funding rules".
"This year we have produced a suite of funding rules documents that can be accessed by providers and stakeholders in a number of ways," it added.
The statement added that the SFA had "streamlined" the funding rules and removed dulpication, by publishing "a document that sets out the rules that must be followed for all SFA providers".
It has also published separate funding rules for the new Adult Education Budget (AEB), apprenticeships and adult learner loans to ensure easy reference for providers.
In addition to this, a document that sets out funding rules common to "all apprenticeships, regardless of whether providers are delivering frameworks or standards", has been unveiled.
It said: "As the AEB is a new budget with rules designed to provide greater local flexibility for providers to respond to local needs, in advance of formal devolution of skills funding starting from 2018..." Read more....