Guidance to develop your Investment Plan

He kuputohu mō te whakawhanake i tō Mahere Haumi

Last updated 16 October 2023
Last updated 16 October 2023

We provide resources to support you to develop your Plan for investment in 2024.

We make high-quality investment decisions that support a dynamic system to deliver lifelong learning and equip learners, communities and employers for success.

The resources we provide – Plan Guidance, Supplementary Plan Guidance and Investment Briefs – should be read alongside each other when you are developing your Plan.

We also provide a template for the strategic intent and learner success parts of your Plan, and an infosheet to specifically support your learner success work.

All of these documents should inform your discussions with your Relationship Manager or our Customer Contact Group.

Plan Guidance for providers submitting Plans for funding from 1 January 2024 (PDF 7.1 MB)

Supplementary Plan Guidance for providers submitting Plans for funding from 1 January 2024 (PDF 1.8 MB)

Investment Round Timeline

The Investment Round Timeline provides an outline of the major milestones that will occur for investment in 2024.

Activity

Timing

TEC releases Plan Guidance and Plan engagement begins

By March 2023

TEC publishes notices in the New Zealand Gazette setting out requirements for Plan content, timetable, assessment, and Plan summaries

By March 2023

Government announces Budget

May 2023

TEC provides indicative allocations

By 1 June 2023

TEC releases Mix of Provision (MoP) and Educational Performance Indicator Commitment (EPIC) templates

By 8 June 2023

TEC releases Supplementary Plan Guidance to reflect any policy or Budget changes (as required)

June 2023

Providers submit proposed Plans, including MoPs, EPICs, Learner Success Plans (LSPs) and Disability Action Plans (DAPs)

By 7 July 2023

TEC reviews proposed Plans and has further discussion with providers as needed

July-October 2023

Providers are notified of decisions in writing

From November 2023

First payments made against Plans; Plan delivery begins

January 2024

Plan Guidance publications

Plan Guidance for 2024 – published February 2023

Plan Guidance is an important document that provides information about what needs to be submitted in your Investment Plan, how we will assess it, and our priorities for investment.

Plan Guidance for providers submitting Plans for funding from 1 January 2024 (PDF 7.1 MB)

Supplementary Plan Guidance – published June 2023

Supplementary Plan Guidance provides you with further information about what we will be looking for in your Investment Plan, that was not available when Plan Guidance was published in February.

Supplementary Plan Guidance for providers submitting Plans for funding from 1 January 2024 (PDF 1.8 MB)

Plan Gazette notice 2023

We set criteria for the content of Investment Plans, Plan summaries, the submission process, the timetable, and how Plans will be assessed. These are published in the New Zealand Gazette.

Investment Plan Gazette notice 2023

Investment Briefs

The Investment Briefs are a summary of what we want to achieve across particular areas of provision and our expectations around parity. 

Foundation Education Investment Brief (PDF 200 KB) 

Vocational Education Investment Brief (PDF 190 KB)

Higher Education Investment Brief (PDF 196 KB)

Information sheet – Learner Success Plans

This information sheet explains the Learner Success Framework and provides information that supports you to complete your Learner Success Plan.

Learner Success Plan Information Sheet for investment in 2024 (PDF 276 KB)

Unified Funding System Information

Information about how to apply for the PTE Strategic Fund

Application and assessment – 2024 PTE Strategic Fund

Information about learner component performance element requirements

Performance element requirements from 2024 – learner component

Templates

Many of the templates you require for drafting and submitting your Plan (for example Mix of Provision (MoP) templates) are available in Workspace 2.

Please refer to the table below for other relevant templates.

Template description 

Who needs it

Submission deadline

Strategic Intent and Learner Success Plan template (DOCX 4.1 MB) 

This template was previously known as the Investment Plan template. It has two parts.

  1. Strategic Intent - Tertiary education organisations (TEOs) can use this section of the 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.
  2. Learner Success Plan - TEOs are encouraged to use the template, or to use the headings provided to guide their own document.

Strategic Intents are required from all TEOs submitting a full Investment Plan.

Learner Success Plans are required from all TEOs submitting a full Investment Plan and receiving more than $5 million in on-Plan funding. 

By 7 July 2023

2024 Investment Plan additional funding requests

The TEC will be taking a targeted approach to 2024 Investment Round Additional Funding for the Delivery on the New Zealand Qualifications and Credentials Framework at Levels 7 and above (DQ7+) Fund. Our focus will be on high priority areas and provision where there is demand for growth. We will contact you in 2024 if you meet our criteria for additional funding.

We will not be considering 2024 Investment Round Additional Funding Requests (AFRs) for the Delivery on the New Zealand Qualifications and Credentials Framework at Levels 3-7 (DQ3-7) Fund. We will communicate our approach to In-Year AFRs for this fund after the 2024 April SDR.

The TEC will be considering 2024 Investment Round AFRs for the below funds:

  • Delivery on the New Zealand Qualifications and Credentials Framework at Levels 1 and 2 (DQ1-2)
  • Youth Guarantee (YG)
  • Adult and Community Education (ACE) Funds (ACE in Communities, ACE in Schools, and ACE in Tertiary Education Institute (TEIs))
  • Intensive Literacy and Numeracy Fund (ILN)
  • Intensive Literacy and Numeracy ESOL Fund (ILN ESOL)
  • TEO-led Workplace Literacy and Numeracy Fund (WLN TEO-led)
  • Intensive Literacy and Numeracy Refugee English Fund

 

By 7 July 2023

2023 additional funding requests – in-year amendments

The TEC will take a targeted approach to providing TEOs additional funding for DQ 3-7 and 7+ funds in 2023. We will be focusing on high priority areas and provision, where there is demand for growth.  

This targeted approach will ensure our investment process is effective for the sector and the TEC while continuing to support learners, their whānau, employers and communities.

The targeted approach to additional funding will be for these specific funds:

  • Delivery and Qualification Levels 3-7 (DQ3-7)
  • Delivery and Qualifications Levels 7 and above (DQ7+)

Your Relationship Manager (RMI)/Customer Advisor (CA) will contact you if you meet the criteria for targeted funding. 

We will not be taking the targeted approach for the following funds. Application forms for additional funding in these funds will be available on our website from mid-May:

  • Delivery and Qualification Levels 1 and 2 (DQ1-2)
  • Youth Guarantee (YG)
  • Adult and Community Education (ACE) Funds (ACE in Communities, ACE in Schools, and ACE in Tertiary Education Institute (TEIs))
  • Intensive Literacy and Numeracy Fund (ILN)
  • Intensive Literacy and Numeracy ESOL Fund (ILN ESOL)
  • TEO-led Workplace Literacy and Numeracy Fund (WLN TEO-led)
  • Intensive Literacy and Numeracy Refugee English Fund

The additional funding application period is from 1 June to 29 September 2023.

 

Application period is from 1 June to 29 September 2023.

New provider process

The process for providers wishing to apply for TEC Investment Plan (“on-Plan”) funding for the first time is outlined at Application to receive TEC funding.

Any TEO that has not received on-Plan funding in the last 12 months

By 7 July 2023

We want to remind all TEOs that your Plan documents, including your Strategic Intent, Learner Success Plan, Disability Action Plan, MoPs and Educational Performance Indicator Commitments (EPICs) must all be submitted through Workspace 2. Please do not submit these documents by email as this can result in delays.

Resources for the previous year - investment in 2023

Plan Guidance

This Plan Guidance and Supplementary Plan Guidance relate to funding for 2023.

Preparing for Investment in 2023 (PDF 339 KB)

Plan Guidance for TEOs submitting Plans for funding from 1 January 2023 (PDF 966 KB)

Supplementary Plan Guidance for investment from 2023 including UFS information and the National and Regional Skills Priorities (PDF 1.3 MB)

 

Investment Briefs

These investment briefs relate to funding for 2023.

Foundation Education Investment Brief (PDF 261 KB)

Vocational Education Investment Brief (PDF 300 KB)

Higher Education Investment Brief (PDF 305 KB)

 

Information sheets

Learner Success Plan Information Sheet (PDF 999 KB)

 

Templates

Strategic intent and learner success plan template (DOCX 423 KB)

 

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.