Training for young people: Money from the Employment Department which is channelled through training and enterprise councils for training 16 and 17 year olds who have left full-time education. Training is provided by colleges, private companies and employers up to National Vocational Qualification level three. May lead to modern apprenticeship (see below).
Modern apprenticeships: Training for 16 and 17 year olds who are in work. Older people may take accelerated modern apprenticeships over a shorter period. Provided by the same organisations which offer other training for young people with money again channelled through training and enterprise councils.
Youth credits: Not a budget in its own right. From this year, young people may use youth credits to “purchase” modern apprenticeships and other training from a range of providers.
Training for work: Training for unemployed adults, also channelled through TECs by the Employment Department. Courses are mostly run by colleges, private trainers, employers and voluntary sector organisations.
Work-related FE: Budget for full and part-time vocational programmes run by colleges in response to local employment needs. Previously funded by TECs but now transferred to the FEFC
Competitiveness fund: New budget allowing colleges, either individually or in consortia, to bid for money to run courses designed to improve national economic performance. Budget is controlled by TECs which set criteria with assistance from the FEFC.
Development fund: TEC-run budget available to all colleges for training programmes aiming to meet local employment needs.
TECs May also offer contracts to FE colleges aiming to become Investors In People as well as helping with the delivery of adult guidance and other development programmes.
