We were capped last month due to maxing our profile for carry in apprentices on the old P1-8 and P9-12 system. However a week later, the over profile funds were released.
Opened this month’s PFR and it has been reversed out again, plus a cap on all P8 carry in funding.
Anyone else seen this happen as this will cause serious problems!
yes the period 1-8 MCV cap has been applied and it will be interesting to see how quickly the ESFA responds to this given that throughout the transition period they have always stated that all carry-in apprentices would be supported through to completion.
The guidelines do state that performance point is in May but I just don’t understand why the capping from last month was released a week later then applied again this month. With period 8 completely capped too, this is a double whammy for cash flow.
I’ve had confirmation from our Account Manager that “the capping is being released through a manual payment to be made in the next few days. There will be a second payment run this month that will include these capping amounts. The payment run will be on 19th April and should reach bank accounts a few days later.”.
Further update from our Account Manager – “we are working on a permanent fix this month and a contract variation will follow. Basically we will increase the allocation to match the actual delivery so that automatic payments are generated rather than doing the manual payments.”
I suspect with the numerous ongoing contracts, rules & systems issues, alongside the vast number of new providers, the ESFA probably don’t have the resource to prioritise everything that needs fixing.