Investment Toolkit
Investment Toolkit
The Investment Toolkit provides information, products and templates for Investment from 2022.
The Investment Toolkit provides information, products and templates for Investment from 2022.
Our objective is to make high-quality investment decisions. We want our decision making to support a dynamic system that delivers lifelong learning and equips learners, communities and employers for success. This Toolkit helps us to work with you to achieve this.
The products and templates contained in the Investment Toolkit:
- explain in more detail what we want to invest in, and how we will make decisions
- support you to better understand, articulate and improve your own performance
- make it simpler to do business with us.
Timelines and Roadmap
The Investment Round Roadmap provides an outline of the major milestones to occur for investment from 2022.
- Investment Round Roadmap (PDF, 569 Kb)
- Investment Round Timeline graphic (PDF, 840 Kb)
|
Activity |
Timing |
|
TEC releases Plan Guidance |
December 2020 |
|
TEC updates Investment Toolkit material and Plan engagement begins |
By March 2021 |
|
TEC publishes notices in the New Zealand Gazette setting out requirements for Plan content, timetable, assessment, and Plan summaries (this notice) |
By March 2021 |
|
TEOs receiving more than $5m submit Summary of Plan Shifts |
30 April 2021 |
|
Government announces Budget |
May 2021 |
|
TEC releases Supplementary Plan Guidance to reflect any policy or Budget changes (as required) |
June 2021 |
|
TEC provides indicative allocations, and releases Mix of Provision (MoP) and EPI Commitment (EPIC) templates |
By 1 June 2021 |
|
TEOs submit proposed Plans, including MoP, EPIC, Learner Success and Additional Funding templates |
9 July 2021 |
|
TEC reviews proposed Plans and has further discussion with TEOs as needed |
July - October 2021 |
|
TEOs notified of decisions via Plan funding approval letter (TEOs with no additional funding requests) |
From late October 2021 |
|
First payments made against Plans; Plan delivery begins |
January 2022 |
Products to describe our approach to decision-making
These products describe what Investment Plans have to cover and our approach to decision-making.
More information is available in the Plan Guidance December 2020 (PDF, 1.1 Mb)
Plan content and assessment criteria
The TEC sets criteria for the content of Investment Plans, Plan summaries, the submission process and timetable, and how Plans will be assessed. These are published in the New Zealand Gazette.
We take a holistic approach when assessing Plans. We assess the extent to which a TEO’s proposed Plan will contribute to achieving Government strategic priorities and learner success outcomes, and will address regional and national need. We also consider a TEO’s capability to deliver on its proposed Plan while making assessments.
Information on the Government’s priorities are outlined in the Tertiary Education Strategy (TES), Plan Guidance, Investment Briefs (listed below) and other strategic documents.
Investment Briefs
The Investment Briefs are a summary of our objectives and what we want to achieve across particular areas of funding.
All existing briefs have been updated for funding from 2022 with new data and information where it is available.
Investment Briefs
Student Achievement Component (SAC) Investment Briefs
- Infosheet: SAC Investment Briefs (PDF, 641 Kb)
- SAC levels 1-3 Investment Brief (PDF, 938 Kb)
- SAC levels 4-7 (non-degree) Investment Brief (PDF, 1.1 Mb)
- SAC level 7 (degree) Investment Brief (PDF, 1.1 Mb)
Industry Training Fund (ITF) Investment Briefs
- Infosheet: ITF Investment Briefs (PDF, 1 Mb)
- ITF levels 1-2 Investment Brief (PDF, 946 Kb)
- ITF levels 3-4 Investment Brief (PDF, 960 Kb)
- ITF levels 5-7 Investment Brief (PDF, 967 Kb)
- New Zealand Apprenticeship Investment Brief (PDF, 953 Kb)
Construction Investment Brief
- Construction Investment Brief (PDF, 824 Kb)
Secondary Initial Teacher Education Brief
- Secondary Initial Teacher Education (ITE) (PDF, 878 Kb)
Food and Fibre Sectors Investment Brief
- Food and Fibre Sector Investment Brief (PDF, 862 Kb)
Ōritetanga Learner Success
We want a tertiary education system that supports all New Zealanders to set and achieve tertiary and career goals that will deliver good outcomes for them and for the country.
A transformational change in approach and performance is required is ensure all learners succeed.
From 2022 we expect your Educational Performance Indicator Commitments (EPICs) to reflect current performance compared to the investment brief targets. This includes parity of Māori and pacific leaners to non-Māori and non-pacific learners. Where your current performance is below these targets we expect progress of between 0.5 and 2 percentage points annually, depending on how far below the target your current performance is. For those with performance at or above these levels we expect to see targets that maintain or improve this.
The Infosheet– Learner Success (Word, 522 Kb) provides background information about the TEC’s Ōritetanga Learner Success work to ensure success for all learners.
Ngā Kete tools which help you understand your performance and develop your Plans
When we assess your Investment Plan, we will look for evidence that you have used multiple sources of information and data to build up a robust picture of your performance and of your stakeholder needs.
Our Ngā Kete products will support you to develop your Investment Plans. Our products will help you analyse and understand your delivery and performance in context as you draft your Investment Plans. They also provide supporting evidence for final Plan submissions.
We publish and regularly update our Ngā Kete information products so that it is easier for you to explore data about tertiary provision, performance, secondary-to-tertiary transitions, and post-study outcomes. The post-study outcomes information also provide a snapshot of regional demand.
You can also access your commitments, your funding conditions, allocations, and payments via Ngā Kete
The infosheet below outlines what each Ngā Kete product can do to help you develop and finalise your Investment Plan, and links to more detail about how to use each product.
Infosheet Ngā Kete information products (PDF, 1 Mb)
Labour market, skills and economic growth information
When assessing your Investment Plan, we will look at how well your proposed Plan will help provide the knowledge and skills that are in demand.
The infosheet below provides key links to information on the labour market, skills and regional economic growth in New Zealand.
Infosheet: where to find labour market, skills and economic growth information to assist with Investment Plans (PDF, 607 Kb)
The information currently included in some of these links was developed before the COVID-19 pandemic. We suggest you take the date of publication into account when considering these resources.
Templates for developing and submitting your Plan
Many of the templates you require for drafting and submitting your Plan are available in Workspace2 (for example Mix of Provision (MoP) templates). Please refer to the table below for other relevant templates.
|
Template description |
Who needs it |
Submission deadline |
|
The Summary of Plan Shifts Template (Word, 75 Kb) This template captures significant proposed shifts and initiatives that will be included in the investment Plan. The Summary of Plan Shifts supports the engagement between TEOs and TEC leading into the Plan round. |
TEOs who receive $5 million in TEC funding. |
30 April 2021 |
|
The Investment Plan template (Word, 4.1 Mb) TEOs can use this template to structure the strategic intent component of their Investment Plan (Plan). It sets out the requirements for proposed Plans and ensures we have all the information we require to make informed investment decisions. You will generally also be required to submit other information with your Plan submission. For example Mix of Provision (MoP) templates. You can find this information on your workspace2. Please contact your Relationship Manager or Advisor if you require further support. |
All TEOs submitting an investment plan. |
9 July 2021 (please refer to timeline for further detail) |
|
Learner Success Plan Template (LSP) (Word, 423 Kb) The purpose of this template is to help TEOs focus on the key questions which we think are important to answer when looking to improve outcomes for all learners:
|
All TEOs required to submit a full Plan and receiving more than $5 million in funding are required to use this template as part of their Plan submission. |
9 July 2021 |
|
Additional Funding Requests Additional funding requests are for TEOs experiencing increased demand in areas of strategic priority. We will be accepting additional funding requests for 2021 in-year amendments after April 30, 2021. Additional funding requests will not be accepted after Sept 2021. Additional funding requests for 2022 are to be submitted at the same time as your 2022 plan documents are submitted. The additional funding request templates will be available in April 2021. |
Any TEO wishing to request funding above their 2021 allocation, or 2022 indicative allocation must submit an additional funding request using the templates provided. |
9 July 2021 |
|
Micro-credentials A micro-credential certifies a coherent, stand-alone package of learning, tightly focused on a specific skill-set, and can be immediately useful. Micro-credentials enable learners to acquire the skills they need, when they need them. At the same time, they enable TEOs to respond more agilely to employers’ and communities’ changing skill demands. For more information see the Micro-credentials funding approval sections of our website. |
All TEOs eligible for Student Achievement Component (SAC) or Industry Training Fund (ITF) funding can apply for funding to deliver micro-credentials. |
N/A |
Want to know more?
For more information about the Investment round, please contact your Relationship Manager or call our Customer Contact Group on 0800 601 301.