Skills and Post-16 Education Bill [HL]

Explanatory Notes

Financial implications of the Bill

154 Financial implications of the Bill include the additional administration costs for certain measures, including :

The administrative costs of designating employer representative bodies to produce local skills improvement plans or designating institutions as being within the further education sector;

The administrative costs of writing guidance associated with measures in the Bill, including local skills improvement plans and the duty for further education institutions to keep their provision and structure under review in relation to local needs;

The administrative costs for the Institute to use the additional powers to approve technical education qualifications, fulfil its new functions on oversight, and other associated measures;

The administrative costs for introducing regulations under the powers in the Bill, including the lifelong loan entitlement, initial teacher training for further education, and the list of post-16 education or training providers.

155 These costs will be funded from within the departmental budget in the usual way.

156 There will be further costs associated with the delivery of measures that will be brought about in secondary legislation. A financial assessment will be made when considering this secondary legislation.

157 Further information on the financial costs and benefits of the Bill can be found in the accompanying impact assessment, which is linked in the related documents section of these notes.

 

18th May 2021