Funding

This section contains information relating to:

  • Skills Funding Agency funding 2016 /17
  • 19+ Advanced Learning Loans
  • Workforce Development Funding

Skills Funding Agency Funding 2016/17

Apprenticeship Funding

  • Funding is available to complete an apprenticeship programme at level 2 or 3 for anyone who has not previously achieved a level 4 qualification.
  • Funding is available to complete an apprenticeship programme at level 5 , prior learning at any level is not relevant.
  • You can be funded to achieve more than 1 apprenticeship if you are in a new job role or your current job role has some new or different responsibilities, where you would benefit from new skill development.

Diploma Level 2 funding

  • Funding is available for completion of level 2 diploma qualifications in the following instance only:
    • You are aged 19-23 and have not previously completed a level 2 qualification in any subject

Level 2 co-funding (a 50% financial contribution will be required)

  • If you are aged 19-23 and already have a level 2 qualification and work for an organisation with less than 250 employees the qualification can be co-funded
  • You are aged 24+ with or without a previous level 2 qualification and work for an organisation with less than 250 employees

Diploma Level 3 Funding

  • Funding is available for completion of a level 3 diploma qualifications in the following instance only:
    • You are aged 19-23 and have not previously completed a level 3 qualification in any subject

Funding for Large Organisations

  • A large organisation is one which has 1000+ employees according to records held at companies house.
  • Any funding is automatically reduced by 25% for any organisation classed as a large employer, (excluding any registered charities).

Qualification equivalents

Level 1GCSE grades below C, CSE grades below 1, GNVQ, 1 AS level, BTEC 1st, Certificate / Diploma / General Certificate level 1
Level 25 GCSE Grade A-C, 5 CSE Grade 1, 1 A Level, 2 AS level, NVQ level 2, BTEC Level 2, Certificate4 / Diploma / general certificate level 2, Intermediate GNVQ
Level 32 or more A Levels, 4 AS levels, NVQ 3, OND, BTEC National Certificate / Diploma, Advanced GNVQ
Level 4Teaching qualifications, Degree, HND /HNC, NVQ 4, Any higher education, professional qualification 

For more information contact us or go to:

www.skillsfundingagency.bis.gov.uk

19+Advanced Learning Loans

Advanced Learning Loans are available for Level 3 & Level 5 Diploma qualifications only.

However you may qualify for a 19+ learning loan from the UK Government, there is no credit check and you won’t have to pay anything back until your income is over £21,000 a year.

To qualify you must:

  • Be aged 19 or over
  • Be living in The UK on the first day of your course
  • Have lived in the UK, the Channel Islands or the Isle of Man for 3 years
  • Be studying with a college or training provider in England, who is approved for public funding (list available at………….)
  • Be enrolling on an eligible course at level 3 or above, this includes diploma’s, certificates,  (full list can be found at……………)

How much can I borrow?

  • This depends on the course, you can borrow the full cost of the course or just part of the cost, the minimum you can borrow is £300.

How much will I pay back?

  • You only start to pay back when you are earning more than £21,000
  • Your repayments are based on your income not the amount you borrowed, so if you earn £22,000 you will pay back £7 per month, £25,000 you will pay back £30 per month and so on.
  • If you stop working your repayments will stop until you are earning over £21,000 again.

How do you Apply?

  • You can apply for a loan from April 2013 for courses starting after August 1st 2013.
  • You can apply online or download an application form

Financial Advice

  • It is really important that you look at all the options before deciding how to pay for your course, as a training provider we cannot give you any financial advice and would suggest that you get independent financial advice from the money advise service at www.moneyadviceservice.org.uk

For more information:

www.skillsfundingagency.bis.gov.uk

www.gov.uk/24_advanced_learning_loans/overview

Or For more information Contact Us
 

Workforce Development Funding

The Workforce Development Fund (WDF) is a funding stream from the Department of Health, which is disseminated by Skills for Care.

Funding is available for all social care employers to assist them to support their staff to achieve specific QCF units and full qualifications.

Funding can still be claimed even if staff have received funding from the skills funding agency or other source.

The amount of money which can be claimed is based on the credit value of each unit achieved.

The maximum claim available is 60 credits which equals £900 per learner per year.

In order to claim you need to be part of a partnership and have completed and updated your National Minimum Data Set (NMDS)

For more information on what you can claim for, how to become eligible and how to claim go to:

www.skillsforcare.org.uk/funding/workforce_development_fund

Alternatively you can contact us