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Created 08 February 2024 13:12
I have come across a few of our Apprentices who have changed employer during their programme and I have set the required TNP 3/4 values to indicate the funding amount for that employer.
Looking at the Apps Indicative Funding (and the payment report), it has recalculated the funding to the residual amount and the achievement funding accordingly, so a £400 expected achievement payment is now only £246.
Has anyone else come across this? As far as I can see, I have entered everything as expected on the ILR, but may be I have missed something critical?
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Yes that is correct and the same as a change in price in the Technical guidance.
08 February 2024 13:33
But it isn't a change in price though - it is a split of the price between employers? Surely the overall funding value shouldn't change, some of our student have changed employers more than once....
08 February 2024 13:38
Scenario E - The apprentice moves to a new employer but remains on-programme with the same provider
08 February 2024 13:51 (Edited)
Hi, I've had that previously and it re-calculates your OPPs and completion payments.
Example, if the original price was £10,000, so £8,000 for OPPs and £2,000 completion on a 20 month programme (£400 OPP), it gets recalculated as follows:
Assume 10 months left on programme and £6,000 residual price. It will take 20% off the £6k, so £1,200 completion payment and £480 OPP.
You will need to check that overall you have received the full amount, taking into account the different completion payment to what was originally expected.
08 February 2024 14:00
It seems like an odd way to do it, as you can really reduce your completion element if a student changes employer really close to their Planned End Date. If they then don't complete the EPA, you don't lose as much funding.
08 February 2024 14:24
Thank you all. They do all add up to amount the the correct level of funding...but boy, how complicated.
08 February 2024 14:51