The Skills Funding Agency (SFA) has announced funding rates from £500 to £900 for work placements within the Governments new traineeship programme.
“Young people in Britain deserve the chance to work and get on in life which is why we're introducing traineeships to help them get on the first rung of the ladder,” said Skills Minister Matthew Hancock.
“Employers value real experience which is why I am delighted that more than 100 businesses have come forward. I now want to urge more employers – no matter what size – to sign up to the programme and make the most of the talents of our young people.”
Colleges, training providers and subcontractors are eligible to claim funding for learners complying with existing funding eligibility rules where providers can show that there is reasonable chance of the young person being ready for employment, or an Apprenticeship within 6 months of starting their traineeships. Progression to a job or an apprenticeship will also result in a 20% achievement payment trigger.
To claim this funding colleges and training providers need to monitor the learner journey to prove they have met learning aims by recording a learning delivery monitoring code against all learning aims. Providers will need to evidence interventions including records of exit interviews and formal feedback as well as recording progression routes and outcomes.
For on this story and see slides from the SFA webinar on Traineeships on Feweek >
To find out how technology can be used to record the learner journey, track outcomes and for contract reporting contact Macleod Associates today or read about our Workpepper learner management software here.