How will holdback of HEFCE grant apply to co-funded ASNs?
Holdback will apply to co-funded ASNs. If an institution fails to deliver the FTEs awarded for co-funded ASNs, we will hold back funding at a rate which is proportional to the rate of funding which we awarded. Institutions would have an opportunity to make up the target in full in a second year. The recurrent grant tables that we issue each year will confirm the total allocations of funding and student FTEs for employer co-funded provision. Shortfalls against the total FTEs shown will result in a pro rata reduction in this recurrent funding. If an institution still fails to deliver the FTEs awarded for co-funded ASNs after the second year we would expect to take back the funding relating to the shortfall of ASNs.
