Funding and payments

Funding and payments

Last updated 1 December 2017
Last updated 1 December 2017

How Trades Academies funding is set and payments are made. Also includes funding recoveries information.

Funding

Trades Academies funding is based on a per-place rate. The amount of funding paid to both the tertiary education organisation (TEO) and the school is proportional to the amount of time the student spends at the TEO and school respectively. For example, if the student spends one day at a TEO and four days at a school, 20% of the funding goes to the TEO and 80% goes to the school.

Funding rates                                                               

Pastoral care and coordination

$1250 per place (TEO only)

General teaching and learning

$9500 per place (shared proportionally between TEOs and schools)

Trade top-up

$3500 per place (shared proportionally between TEOs and schools)

TOTAL

$14,250 per place  

For students with high transport needs, TEOs can apply in writing to the Ministry of Education (MoE) for transport cost assistance. Email trades.academy@education.govt.nz.

Payments

TEOs

If the tertiary education organisation (TEO) is the lead provider, the funding is paid by us – in monthly instalments from the date we agree on the contract.

TEOs cannot claim any Student Achievement Component or Youth Guarantee funding for learners enrolled in secondary-tertiary programme (STPs). Instead, TEOs are funded on a pro rata basis for general teaching and learning, and any trades learning they provide.

Schools

If the school is the lead provider the funding is paid by the Ministry of Education (MoE).

Learners enrolled in a Trades Academy will not be counted on a school’s regular roll for resourcing purposes. Instead, schools are funded on a pro rata basis for general teaching and learning, and any trades learning they provide.

Schools will continue to calculate the actual Full Time Equivalents (FTEs) as per the roll return guidelines.