Skills Funding Agency Guidance Note on changes to funding policy
The Skills Funding Agency (SFA) has published Guidance Note 6, a document which covers 2011/12 changes to funding policy. The SFA is allocating £2.4bn through the Adult Skills Budget for 2011/12. There is an expectation that the sector will increase the level of income secured from individuals and employers during 2011/12, and 2.5% of providers’ indicative allocation will be used for Job Outcome Incentive Payments.