Funding Services provides a comprehensive and unique service matching work based learning providers looking to fund apprenticeships, with FE Colleges looking to subcontract part of their funding contract value.
Taking the risk out of subcontracting
Subcontracting is an important aspect of any FE College`s budget and planning, providing flexibility in the options available to achieve Maximum Contract Value. Working with high quality work based training providers can also act as a buffer to mitigate fluctuations in planned against actual enrolments, without the direct cost of employing additional staff. An additional benefit for colleges is that it is often easier for training providers to be more flexible with start dates within the academic year.
Historically, working with new subcontractors has been seen as a risk for colleges. Funding Services not only matches training providers with FE colleges, but ensures that all the checks and balances are in place to minimise the risk and maximise the gain for the college.
We have a great deal of experience in the education sector and fully understand the pressure on colleges to find learners. We also understand the need to recruit apprentices on programmes with an appropriate level of employer support, providing good retention and increasing the timely completion rates of courses. To ensure this, we work closely with learning providers to ensure they fulfil the colleges` due diligence requirements, together with robust learner management processes and procedures in place, which can be synchronised with a college’s own systems.
Support through the whole process
Once the partnership has been established, Funding Services continues to support both parties throughout the contract period. This guidance helps ensure all paperwork, procedures and assessments are carried out on time and with a level of diligence which ensures the college meets its statutory obligations. As a result, the learning provider receives the expected funding and the learner completes the course on time.
For more information or an initial discussion please contact Funding Services......
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