Funding and payments
Funding and payments
How Trades Academies funding is set and payments are made. Also includes funding recoveries information.
How Trades Academies funding is set and payments are made. Also includes funding recoveries information.
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. 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. The methodology and technical specifications for the calculation of 2022 funding wash-ups can be found in the 2022 Global Wash-up Methodology document. 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. 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.Funding
2022 Funding rates
Funding wash-ups
Payments
TEOs
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