Investment Toolkit
Investment Toolkit
The Investment Toolkit provides information, products and templates for the 2020 Investment Round.
The Investment Toolkit provides information, products and templates for the 2020 Investment Round.
Our objective is to make high-quality investment decisions supporting 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.
The Investment Round Roadmap provides an outline of the major milestones to occur during the 2020 Investment Round. Please note that the timeline graphic and table below have been revised on 10 June. These changes reflect adjustments to Plan timeline due to the impacts of COVID-19. Activity Indicative timing TEC releases Plan Guidance (PDF, 1.5 Mb) December 2019 TEC releases Investment Toolkit material March 2020 TEC releases Gazette Notice March 2020 Deadline for Summary of Planned Shifts (TEOs to be advised of this requirement) (Waived) Plan engagement March 2020 – September 2020 TEOs advised of new Investment Round Timeline 29 May 2020 TEC provides indicative allocations, and releases Mix of Provision (MoP), Education Performance Indicator Commitments (EPICs) templates and the COVID-19 response plan template 30 June 2020 TEC releases Supplementary Plan Guidance (PDF, 1.2.Mb) to reflect policy and Budget changes 30 June 2020 Plan Gazette notice for NZIST is published 30 June 2020 Deadline for Plan Exempt PTEs to submit MoP templates and any additional funding requests 17 July 2020 Deadline for Mid-cycle TEOs to submit MoP templates and any COVID-19 response plans Deadline for Plan required TEOs to submit Strategic Intent, MoPs and EPICs and any COVID-19 response plans Deadline for TEOs receiving more than $5 million in funding to submit Learner Success Plan Templates 7 August 2020 TEC reviews proposed Plans and has further discussions with TEOs as needed From 13 August 2020 TEOs submit any changes to their proposed Plans, including MoP and EPIC templates, following discussions with TEC By 8 September 2020 TEC finalises assessment of proposed Plans September-October 2020 TEC makes funding decisions October – November 2020 TEOs notified of decisions via Plan funding approval letter From November 2020 First payments January 2021 Note: Updates on ACE funding will be published on our website. We will engage with ACE providers on this provision and relevant deadlines when further information becomes available. These products describe what Investment Plans have to cover and our approach to decision-making. More information is available in the Supplementary Plan Guidance June 2020 (PDF, 1.2 Mb) regarding how we have reconsidered our decision-making in response to Budget 2020 and the impacts of COVID-19. 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. Due to the Reform of Vocational Education (RoVE), for the 2020 Plan round there are two notices published in the New Zealand Gazette. One for all other TEOs and one for NZIST. You can access the Gazette notices below. Plan Gazette notice 2020 for NZIST We have also re-gazetted the changes in timeline to the Plan Gazette notice 2020, the new timeline can be access below: Notice of Change to Plan Gazette Notice 2020 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, learner success outcomes, and 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. The Investment Briefs are a summary of our objectives and what we want to achieve across particular areas of provision. All existing briefs have been updated for the 2020 Plan round with new data and information where it is available. There is also a new Investment Brief for the Food and Fibres Sector which replaces the previously published Focus Area Brief. SAC Industry Training Fund (ITF) Investment Briefs Construction Investment Brief Secondary Initial Teacher Education Brief Food and Fibre Sectors Investment Brief 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 if Māori and Pacific learners are to participate and achieve at all levels of tertiary education on par with other learners. This infosheet (PDF, 944 Kb) provides background information about the TEC’s Ōritetanga Learner Success work to ensure success for all learners. Reform of Vocational Education (RoVE) The documents provided above in this section generally do not specifically address the impacts that the RoVE have on the sector. Separate information will be provided on how TEOs impacted by the RoVE will be engaged with over the 2020 Plan round. 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. 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, 1.1 Mb) Please also see the Student Voice in Tertiary Education Settings: Practice Examples. This document provides guidance for TEOs on ways to engage with students. Many of the templates you require for drafting and submitting your Plan are available in Workspace2 (for example a Mix of Provision (MoP) templates). Please refer to the table below for other relevant templates. The Investment Plan template (Word, 4.7 Mb) TEOs should 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. Learner Success Plan Template (Word, 423 Kb) The purpose of this template is to help TEOs focus on the key questions which we think are important answer when looking to improve outcomes for all learners: All TEOs receiving more than $5 million in funding are required to submit this template. For 2021, this requirement has been extended to all TEOs receiving more that $5 million, including those that are not Plan-required. Additional funding request templates TEOs experiencing increased demand (or with forecast demand) in areas of strategic priority can make a request for additional funding. More information, including the template, will be uploaded to our website as soon as they are available. 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. COVID Covid-19 Response Plan template (Word, 816 Kb) TEOs identified as most affected by COVID – 19 will be notified and are required to complete a Covid-19 Response Plan. The template seeks information from these TEOs, detailing the potential impact on 2021 delivery and their plans in response. The templateIt is optional for all other TEOs who wish to share your post COVID planning with us. You may wish to complete this document to assist with your conversations with your relationship advisor or manager. Your indicative allocation reflects our published methodologies for each fund. For many funds, any previous under-delivery in 2019 will have led to a reduced allocation for 2021. Some TEOs have received an indicative reduction to their allocations due to poor educational performance and/or areas of delivery impacted by Covid-19. If you wish to discuss how the methodology for a fund determined your organisation’s indicative funding allocation amount, please contact us at customerservice@tec.govt.nz with the subject heading “[INSERT YOUR EDUMIS#] How was my indicative allocation calculated?” If you would like to request a reduction to your indicative funding allocation amount, please contact us at customerservice@tec.govt.nz with the subject heading “[INSERT YOUR EDUMIS#] Request reduction to 2021 funding”. If you would like to request funding greater than your indicative allocation, a new Additional Funding Request template will be available. We will only consider requests made using this template, and it must be submitted on the due date for your Plan documentation. The template and guidance on how to use it will be uploaded to our website as soon as they are available. For more information about the Investment round, please contact your Relationship Manager or call our Customer Contact Group on 0800 601 301Timelines and Roadmap
Products to describe our approach to decision-making
Investment Briefs
Investment Briefs
Ngā Kete tools which help you understand your performance and develop your Plans
Student Voice full report
Templates for developing and submitting your Plan
Template description
Who needs it
Submission deadline
All TEOs submitting an investment plan.
June to July 2020 (please refer to timeline for further detail)
7 August 2020
All TEOs applying to amend 2020 funding.
As part of a TEO’s submission of their 2020 investment round documentation
All TEOs eligible for Student Achievement Component (SAC) or Industry Training Fund (ITF) funding can apply for funding to deliver micro-credentials.
N/A
Indicative Allocations
Changes to your indicative allocations
Seeking funding greater than your indicative allocation
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