AGE funding

Meeting: 
MQT on 2015-05-21
Session date: 
May 21, 2015
Reference: 
2015/1451
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Can you provide me with an update on the uptake of the AGE funding which business could apply for from 1st January 2015? How much funding still needs to be allocated?

Answer

Answer for AGE funding

Answer for AGE funding

Answered By: 
The Mayor

The enhanced AGE funding is managed by the Skills Funding Agency (SFA). To date the SFA has allocated a cumulative facility of £6.9m to training organisations.

Training organisations can claim the enhanced AGE funding following 13 weeks of the apprentice being in training (measured from the point the apprentice has been employed and started training).  Therefore the earliest date that claims could be made was April.  The SFA are currently in the process verifying the claims and the uptake will be shared at a later date.