plan-led funding

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A funding strategy developed by the Learning and Skills Council (LSC) in response to Success for All (Department for Education and Skills, 2002). Plan‐led funding is based on the LSC's current funding formula, which involves the following: programme funding determined by the number of starters, finishers, and continuing students; learner‐related factors including achievement, disadvantage, and fee remission; and institutional factors including area costs and specialist status. The plan‐led approach, adopted in 2004, is based on three‐year development plans negotiated between providers of post‐compulsory education or training and their local LSC, which result in a funding arrangement for the three years covered by the plan. The plans take national, regional, local, and sector‐specific factors into account, as well as the LSC Strategic Area Review. The advantage for providers is that funding for the subsequent year is guaranteed as long as certain ‘headline targets’ are met. This refers mainly to learner numbers, employment engagement, success rates, and the professional qualifications of staff.

V. C.

Viv Channing,

L. A.

Liz Atkins

Subjects: Education.

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