3 August 2011
In this update: 2012 Investment Process, 2012 Sector Leadership Funding, Embedded Literacy and Numeracy
2012 Investment Process
ITOs on a one year Investment Plan
All ITOs on one year Investment Plans are required to submit their Plan for 2012 to the TEC by 5pm Monday 15 August.
The following templates are available:
ITOs on a two year Investment Plan
All ITOs on a two year Investment Plan are required to submit an updated MoP template (Excel, 90 Kb) to the TEC by 5pm Monday 15 August.
If the ITO’s investment proposal for 2012 is greater than the STMs currently being achieved, TEC requests you submit a short paper detailing this projected growth along with supporting evidence.
An updated Plan Commitments template can be submitted to the TEC if the ITO is proposing changes to its current Plan Commitments (Excel, 149 Kb).
Any changes to the current Investment Plan will require a Plan Amendment.
2012 Sector Leadership Funding
The ITO Core Component Sector Leadership funding pool for 2012 is $1 million.
TEC’s priority for 2012 is for ‘qualification development’, in line with the priorities in the Tertiary Education Strategy 2010 - 2015 (TES). Priority will be given to proposals where ITOs and TEOs are collaborating on qualifications and particularly where qualifications are under review through NZQA’s targeted review.
To ensure an element of co-funding, it is proposed that the allocation of the ITO Core Component Sector Leadership funding to ITOs will be at a maximum rate of $35,000 per qualification, up to a total of $100,000 per ITO. The total allocation to each ITO will depend on the number of applications.
ITOs are requested to provide a brief project outline including details of involved parties in the MoP template.
Embedded Literacy and Numeracy
There is an opportunity for each ITO to update its embedded literacy and numeracy commitments for 2011 and 2012. Note that a funding requirement is that each trainee has been assessed with the appropriate assessment tool.
Timelines
15 August
Investment Plans (including completed MoP and Performance Commitment templates) received from ITOs on a one year Plan.
MoP (optional Performance Commitments template ) and evidence supporting growth is received from ITOs on two year Plans.
19 August
Initial allocations for 2012 will be sent to ITOs. Investment Managers will discuss allocations with individual ITOs.
31 August
Interim allocations finalised and a paper outlining proposed allocations will be sent to the TEC Board for final approval
3 October
TEC Board considers ITO 2012 allocations.
During October
ITOs notified of proposed 2012 investment