Funding and payments

Funding and payments

Last updated 8 February 2022
Last updated 8 February 2022

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.

2022 Funding rates                                                                                                                

Pastoral care and coordination

$1270 per place (TEO only)

General teaching and learning

$9800 per place (shared proportionally between TEOs and schools)

Trade top-up

$3610 per place (shared proportionally between TEOs and schools)

TOTAL

$14,680 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.

Funding wash-ups

The 2021 methodology and technical specifications for the calculation of funding wash-ups can be found in the Calculating the 2021 wash-up document.

Calculating the 2021 wash-up (PDF, 1.2 Mb)

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.