2014 Report details for project: Further Education 24plus Learning Loans Programme

Project name: Further Education 24plus Learning Loans Programme - there are 3 reports for this project: 2013, 2014, 2015
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Organisation: BIS (D3) - see all reports for this organisation
Report year: 2014 (data is from Sept 2013)
Category: Transformation - see all reports for this category
Description: To Introduce loans for those aged 24 or over, undertaking provision at Level 3 and above from 2013/2014. The project will allow savings to be realised through the conversion of grant to loan funding while still allowing access to advanced and higher level provision . Introduction of loans should put greater power into the hands of learners, creating a more responsive system. System should be simple and non-bureaucratic , representing good value for money and making use of HE infrastructure to minimise disruption and facilitate progression.
DCA (RAG): Amber/Red
DCA text: The Amber/Red rating reflected the fact that there were initially concerns that the loans payments system would not be launched on time and there were aspects of the system that had defects. Whilst overall takeup of loans was strong at the time generally there were areas where take-up was very low, one being apprenticeships. Robust plans were put in place and contingencies used to ensure successful launch and rectify defects. It was also decided that apprenticeships be removed from loans. Due to both the successful removal of apprenticeships and launch the programme officially closed on the 24th October 2013.
Start date: 2010-11-30
End date: 2013-10-31
Schedule text: No departmental narrative
Baseline: £83.65m
Forecast: £84.60m
Variance: 1.14%
Variance text: No departmental narrative
Whole Life Cost: £572.29m
WLCost text: No departmental narrative
Notes1: Further Education 24+ Learning Loans Programme
Notes2:
Sourcefile: IPA_2014.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.