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New terms of trade for Train to Gain providers

publication date: Jul 1, 2008
 | 
author/source: Ed Tranham
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The Learning and Skills Council (LSC) last month wrote to colleges and training providers with Train to Gain contracts setting out a number of changes to improve the terms of trade, to ensure the target of over 600,000 starts is met in the coming academic year.

The LSC is to increase base funding rates by an additional 3% in each of the next three years from August 2008 over and above the previous 1.5% annual increase already announced. Providers will also receive higher funding rates per participant after a threshold of 15 hours, down from 20 hours. Successful providers who are awarded contracts as part of this year’s open and competitive tendering exercise will be offered three-year contracts, extendable to five years.

By 2010-11 more than £1bn of public funding will be routed through Train to Gain supporting about 950,000 employees.

www.lsc.gov.uk


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