Following the publication of the Adult Education Budget (AEB) funding rules for 2018-2019, we have rounded up the important information, including key documents and useful links, below. A number of the slides are taken from our AEB Funding webinar in which our resident funding expert, Paul Saunders, talks though this information and provides hints, tips and insight, this webinar is now available to watch on-demand.
AEB Fully Funded Formula
The AEB funding formula can be complex, especially when you are presented with it for the first time. Be sure to familiarise yourself with it. When it comes to planning and delivery, try and keep your start and finish dates in-year. You are never guaranteed an allocation the following year so it’s important to complete within the same funded year. It will be interesting to see how this formula might change come the devolution phase. You can read more about devolution in our AEB Update 2018-2019 article.
AEB Co-Funded Formula
Remember, the co-funded amount deducted from funding is half the value listed for that learning aim on the Hub. So, if you choose to set fees at this level, it is the same for that base rate for all learners across England. Other factors don’t change.
Qualifying Period for Funding
Further thoughts to have towards your planning are on qualifying periods for funding. Don’t get caught out by these funding times! This is not so much of a problem if you deliver short courses. Keep an eye on your learner times and be mindful of those who stay on past the funding threshold and then drop out.
Think about your dropout rates. Over-recruit learners to mitigate the number of learners that could leave the course – plan for up to 20% drop outs.
Make sure you record progression and destination data of your learners after they leave you. Tracking learner progression at month 1, 3 and 6 is great for evidencing how well they have done, and will become more and more important for the sector.
Familiarise yourself with the eligibility for funding your learners; check the learners age, prior achievements, rights to live in the UK, have they been in the UK for more than 3 years, their employment status, what the qualification is, its level, the funding rate on the Hub and what sort of evidence you need to ensure the learner is eligible. It can get quite complicated, but it’s important because this will help evidence your spend against your profile – see pages 7-11 of the AEB Funding Rules 2018-2019 as this covers the learner eligibility in more detail.
Monthly Funding Instalments
You can also watch the full AEB Funding Update 2018-2019 webinar on demand for an in depth look at funding with our resident expert Paul Saunders.