Funding Guidance

Government Funding

There is different funding available for training in England, Northern Ireland, Scotland and Wales because education is a devolved activity. The following links provide a starting point to explore what funding is available to support your business.

Employer Ownership of Skills

The Employer Ownership of Skills (EOS) initiative is entering its second pilot phase in England and is designed to give companies of all sizes access to a total of £238 million in government funding to design and guide vocational training to meet the needs of their workforce. 

The second round successful bidders are just being announced, and the good news is that the waste management industry is included in one of the successful bids.  The EEIS (Energy and Efficiency Industrial Partnership) is being coordinated by EU Skills and has attracted some £33million of funding, which will be used to help plug the skills gap across the Gas, Power, Renewables, Waste Management and Water sectors, deriving largely from an ageing workforce.

This project aims to deliver 70,000 learning opportunities through apprenticeships and traineeships so refer to the EU Skills website for further announcements.

24+ Advanced Loans

According to the SFA (2013), “if the learner is 24 or over when they start, and provision is at level 3 or 4, or is an advanced-level or higher Apprenticeship, the provision is not supported by the Adult Skills Budget but may be supported by a loan”.

These loans can be used to fund the following types of publically funded provision, including:

  • Programmes of A-levels
  • Quality assurance agency
  • Qualifications and credit framework certificates at levels 3 and 4
  • Qualifications and credit framework diplomas at levels 3 and 4
  • Advanced-level apprenticeship framework
  • Higher apprenticeship framework

For more information visit the Skills Funding Agency website

Changes to Adult Funding Provision

From January 2014, award size qualifications will only be funded at 3, 6, 9 and 12 credits as these qualifications are thought to reflect the majority of provision that delivers skills valued by employers (SFA, 2013).

The main simplification to the setting of rates for certificate and diploma size qualifications involves the use of a rates matrix (Table 1). However, it should be noted that a small proportion of qualifications with a credit value of 1 or 2 will also be funded at the rate of £50 per credit in recognition of the positive impact these qualifications can have on individuals.

Table 1: Funding Rates Matrix

Source: SFA, 2013

For more information visit the Skills Funding Agency website

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Apprenticeship Funding

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Funding Resources

 

 

 

"If you are looking to invest in skills development and training explore the sources covered here and make sure you're making the most of the range of funding that is available."