The New Discretionary Grant Model

As contained in the Business Model approved by the Board on 27 March 2014

New Business Model – DG Funding

• The FP&M Board has approved a New Business Model as from 2014-2015 onwards: – The main objective: • Increase Efficiencies • Unblock bottlenecks

– Decentralising Functions to Regional Offices

• Align FP&M SETA to disburse and commit funding in the current and prior Financial Years.

• Approved Discretionary Grant (DG) Funding Disbursement Processes informed by PIVOTAL requirements

OPEN 01 APRIL 2014DISCRETIONARY

GRANTS FUNDING WINDOW OPEN

MID-MAY 2014DISCRETIONARY

GRANTS FUNDING CLOSE

JUNE 2014EVALUATION

/VERIFICATION / BOARD APPROVAL

AUGUST - MARCH IMPLEMENTATION

JUNE / JULY CONTRACTING AND INITIAL EXECUTION

END MARCHPUBLIC

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• Fixed funding window - with the call for applications administered as follows: –01 April call for applications, – Second week - 16 May 2014 (six weeks)– Close – Two weeks – regional and national evaluation, – June 30 – CEO, Finance & Projects and Board approval, – July – March contracting and execution.

• For the 2015/16 financial year - • Bursaries / artisans to be advertised in August and

September 2014, evaluated October, approvals and contracting in November and December pending matric results for contracting

• Maintain NSFAS partnership.

• Focus on unsolicited projects responding to critical and scarce skills, innovation

• Allocate special project funding to non-levy paying institutions and colleges among others

• Set up incubation opportunities with large companies and co-operatives

• Allocate 10-15% DG budget towards strategic and innovation projects

• Open through out the year

• Allows for proper planning• Professional execution of projects, with reduced errors• Process aligned to DHET reporting requirements• Reduce inappropriate reporting and accounting

challenges• Speed and quality

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• Delivery and return on investment • Rebuild trust amongst stakeholder on performance

issues• Eight months project implementation period• Ninety five percent( 95%) projects commitment will be

realised

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Your time is much appreciated

Thank you