New ESFA chief plans financial handbook ‘bible’ for ITPs

ESFA's new chief says he wants to improve partnership working between the agency and the sector

ESFA's new chief says he wants to improve partnership working between the agency and the sector

The Education and Skills Funding Agency’s (ESFA) new chief has voiced plans to introduce a financial handbook for independent training providers, as part of a pledge to improve partnership working between the agency and the sector. 

David Withey, who became ESFA chief executive in August, said the handbook will be an equivalent of the academies trust handbook, and hoped it would aid ITPs in their understanding of funding rules and procedures – essentially acting as their “bible”. 

Speaking in Manchester on Tuesday at the Association of Employment and Learning Provider’s autumn conference, Withey said: “One of the things we have been thinking about recently is an ITP handbook, based on the model we have for academies – a financial handbook intended to be the bible that sets out how everything should work in one place. 

“That isn’t perfect, but it does bring things together in a single place to be a bit clearer.” 

“We have been working with AELP and a number of individual ITPs to work out how we can make that happen because it is probably more complicated in this space.” 

Academy trusts must comply with the rules in the academy trust handbook as part of their funding agreements, and contains guidance on the main financial requirements for trusts, scrutiny checks, annual accounts and external audits, and regulation and intervention. 

In addition, Withey said he wanted to ensure the funding rules were simpler to understand for providers. 

He said he finds some of the frameworks “pretty complex” and added: “A handbook or rules only can truly help people if the rules, frameworks and procedures it encompasses are appropriately simple to understand.” 

Furthermore, the ESFA is planning to release an online version of its data analysis tool this month to act as a “data self-assessment toolkit” to help ITPs identify potential data anomalies. 

During his speech, Withey voiced ambitions for a better balance between its regulatory work and guidance for providers. “I think it is probably fair to say we are not getting that balance right all of the time,” he said. 

“Because, if this is working well, if that balance is balanced, then it means you might discover a funding issue or you might be a bit uncertain about an approach to funding rules, and feel able to come and talk to us about it without fear of consequences.” 

He added: “What I ultimately want to achieve is a shift in perspective of the agency to a greater, more supportive partnership.” 

Latest education roles from

Principal & Chief Executive – Bath College

Principal & Chief Executive – Bath College

Dodd Partners

IT Technician

IT Technician

Harris Academy Morden

Teacher of Geography

Teacher of Geography

Harris Academy Orpington

Lecturer/Assessor in Electrical

Lecturer/Assessor in Electrical

South Gloucestershire and Stroud College

Director of Management Information Systems (MIS)

Director of Management Information Systems (MIS)

South Gloucestershire and Stroud College

Exams Assistant

Exams Assistant

Richmond and Hillcroft Adult & Community College

Sponsored posts

ATAs

Spotlight on excellence: Nominations now open for the Apprenticeship & Training Awards 2026

Nominations are open for the 2026 Apprenticeship & Training Awards, celebrating outstanding employers and providers with national recognition, a...

FE Week Reporter
Sponsored post

Funding Adult Green Skills

New sources of funding are available to finance the delivery of green skills to all learners. Government policy is...

Tyler Palmer
Sponsored post

Plan for change funding to drive green construction skills

The government has launched a new plan for change to address the skills deficit in the construction industry, providing...

Advertorial
Sponsored post

Reshaping the New Green Skills Landscape

The UK government is embarking on a transformative journey to reshape its skills landscape, placing a significant emphasis on...

Advertorial

More from this theme

Ofsted, Training Providers

Training provider to close after 40 years following damning Ofsted report

Managing director blasts ‘unfair’ inspection which found ‘ineffective’ safeguarding

Josh Mellor
Training Providers

Springfield Training owner explains sudden closure

CEO pursues damages from ex-employees who 'unlawfully' accessed employer data amid assessment backlogs

Shane Chowen
Colleges, Training Providers

Acland-Hood: I was wrong about our FE probe policy 

The DfE still hasn't released the findings of hundreds of investigations into FE providers

Josh Mellor
Adult education, Apprenticeships, Training Providers

DfE toughens up on ITP contract sanctions

New contracts expand termination danger from ‘inadequate’ to ‘requires improvement’ training providers

Shane Chowen

Your thoughts

Leave a Reply

Your email address will not be published. Required fields are marked *