Investment Toolkit

Investment Toolkit

Last updated 30 September 2020
Last updated 30 September 2020

The Investment Toolkit provides information, products and templates for the 2020 Investment Round. 

Our objective is to make high-quality investment decisions supporting a dynamic system that delivers lifelong learning and equips learners, communities and employers for success. This Toolkit helps us to work with you to achieve this.

The products and templates contained in the Investment Toolkit:

  • explain in more detail what we want to invest in, and how we will make decisions
  • support you to better understand, articulate and improve your own performance
  • make it simpler to do business with us.

Timelines and Roadmap

The Investment Round Roadmap provides an outline of the major milestones to occur during the 2020 Investment Round.

Please note that the timeline graphic and table below have been revised on 10 June. These changes reflect adjustments to Plan timeline due to the impacts of COVID-19.


Indicative timing

TEC releases Plan Guidance (PDF, 1.5 Mb) 

December 2019

TEC releases Investment Toolkit material 

March 2020

TEC releases Gazette Notice

March 2020

Deadline for Summary of Planned Shifts (TEOs to be advised of this requirement)


Plan engagement

March 2020 – September 2020

TEOs advised of new Investment Round Timeline

29 May 2020

TEC provides indicative allocations, and releases Mix of Provision (MoP), Education Performance Indicator Commitments (EPICs) templates and the COVID-19 response plan template


30 June 2020

TEC releases Supplementary Plan Guidance (PDF, 1.2.Mb) to reflect policy and Budget changes 

30 June 2020

Plan Gazette notice for NZIST is published

30  June 2020

Deadline for Plan Exempt PTEs to submit MoP templates and any additional funding requests

17 July 2020

Deadline for Mid-cycle TEOs to submit MoP templates and any COVID-19 response plans

Deadline for Plan required TEOs to submit Strategic Intent, MoPs and EPICs and any COVID-19 response plans

Deadline for TEOs receiving more than $5 million in funding to submit Learner Success Plan Templates



7 August 2020

TEC reviews proposed Plans and has further discussions with TEOs as needed

From 13 August 2020

TEOs submit any changes to their proposed Plans, including MoP and EPIC templates, following discussions with TEC

By 8 September 2020

 Deadline for all ACE providers to submit MoP templates and any additional funding requests  16 October 2020

TEC finalises assessment of proposed Plans

September-October 2020

TEC makes funding decisions

October – November 2020

TEOs notified of decisions via Plan funding approval letter

From November 2020

First payments

January 2021


Products to describe our approach to decision-making

These products describe what Investment Plans have to cover and our approach to decision-making.

More information is available in the Supplementary Plan Guidance June 2020 (PDF, 1.2 Mb) regarding how we have reconsidered our decision-making in response to Budget 2020 and the impacts of COVID-19.

Please refer to Further information on Adult and Community Education (ACE) 2021 (PDF, 8 Kb) regarding ACE funding.

Plan content and assessment criteria

The TEC sets criteria for the content of Investment Plans, Plan summaries, the submission process and timetable, and how Plans will be assessed. These are published in the New Zealand Gazette.

Due to the Reform of Vocational Education (RoVE), for the 2020 Plan round there are two notices published in the New Zealand Gazette: one for all other TEOs and one for NZIST. You can access the Gazette notices below.    

Plan Gazette notice 2020

Plan Gazette notice 2020 for NZIST  

We have also re-gazetted the changes in timeline to the Plan Gazette notice 2020, the new timeline can be accessed below:

Notice of Change to Plan Gazette Notice 2020

We take a holistic approach when assessing Plans. We assess the extent to which a TEO’s proposed Plan will contribute to achieving Government strategic priorities and learner success outcomes, and will address regional and national need. We also consider a TEO’s capability to deliver on its proposed Plan while making assessments.

Information on the Government’s priorities are outlined in the Tertiary Education Strategy (TES), Plan Guidance, Investment Briefs (listed below) and other strategic documents.

Investment Briefs

The Investment Briefs are a summary of our objectives and what we want to achieve across particular areas of provision. 

All existing briefs have been updated for the 2020 Plan round with new data and information where it is available. There is also a new Investment Brief for the Food and Fibres Sector which replaces the previously published Focus Area Brief.

Investment Briefs

Student Achievement Component (SAC) Investment Briefs

Industry Training Fund (ITF) Investment Briefs

Construction Investment Brief

Secondary Initial Teacher Education Brief

Food and Fibre Sectors Investment Brief

Ōritetanga Learner Success

We want a tertiary education system that supports all New Zealanders to set and achieve tertiary and career goals that will deliver good outcomes for them and for the country.

A transformational change in approach and performance is required if Māori and Pacific learners are to participate and achieve at all levels of tertiary education on par with other learners.

Infosheet– Learner Success Framework (PDF, 944 Kb) provides background information about the TEC’s Ōritetanga Learner Success work to ensure success for all learners.

Reform of Vocational Education (RoVE)

The documents provided above in this section generally do not specifically address the impacts that the RoVE has on the sector. Separate information will be provided on how TEOs impacted by the RoVE will be engaged with over the 2020 Plan round.  

Ngā Kete tools which help you understand your performance and develop your Plans

When we assess your Investment Plan, we will look for evidence that you have used multiple sources of information and data to build up a robust picture of your performance and of your stakeholder needs. 

Our Ngā Kete products will support you to develop your Investment Plans. Our products will help you analyse and understand your delivery and performance in context as you draft your Investment Plans. They also provide supporting evidence for final Plan submissions. 

We publish and regularly update our Ngā Kete information products so that it is easier for you to explore data about tertiary provision, performance, secondary-to-tertiary transitions, and post study outcomes. You can also access your commitments, your funding conditions, allocations, and payments via Ngā Kete

The infosheet below outlines what each Ngā Kete product can do to help you develop and finalise your Investment Plan, and links to more detail about how to use each product.

            Infosheet Ngā Kete information products (PDF, 1.1 Mb)

Student Voice full report 

Please also see the Student Voice in Tertiary Education Settings: Practice Examples. This document provides guidance for TEOs on ways to engage with students.

Information about labour market demand

When assessing your Investment Plan, we will look at what programmes you plan to deliver, and how well your proposed Plan will help provide the knowledge and skills that are in demand.

The infosheet below provides key links to information on labour market, skills and regional economic growth in New Zealand. This information may be helpful when developing your Investment Plan.

It is worth noting that information currently included in most of these links was developed before the COVID-19 pandemic. We suggest you take the date of publication into account when considering these resources.

Please also refer to the Supplementary Plan Guidance published in June 2020 for the latest information on TEC’s investment priorities for 2021-2023.

Infosheet: where to find labour market, skills and economic growth information to assist with Investment Plans (PDF, 661 Kb)

Templates for developing and submitting your Plan

Many of the templates you require for drafting and submitting your Plan are available in Workspace2 (for example a Mix of Provision (MoP) templates). Please refer to the table below for other relevant templates.

Template description  Who needs it Submission deadline

The Investment Plan template (Word, 4.7 Mb)

TEOs should use this template to structure the strategic intent component of their Investment Plan (Plan). It sets out the requirements for proposed Plans and ensures we have all the information we require to make informed investment decisions.

You will generally also be required to submit other information with your Plan submission. For example Mix of Provision (MoP) templates. You can find this information on your workspace2. Please contact your Relationship Manager or Advisor if you require further support.

All TEOs submitting an investment plan.  June to July 2020 (please refer to timeline for further detail)

Learner Success Plan Template (Word, 423 Kb)

The purpose of this template is to help TEOs focus on the key questions which we think are important answer when looking to improve outcomes for all learners:

  • an understanding of what parity of participation would look like for your TEO, and whether you are currently achieving it,
  • a commitment at governance, management, and leadership levels to achieving parity of achievement for your Māori and Pacific learners,
  • teaching and learning that responds to the needs of Māori and Pacific learners, e.g. use of culturally responsive teaching practices, or content that reflects cultural knowledge and values, and
  • support for Māori and Pacific learners and their families to make informed decisions about, and successful transitions into, tertiary education.

All TEOs receiving more than $5 million in funding are required to submit this template.

For 2021, this requirement has been extended to all TEOs receiving more that $5 million, including those that are not Plan-required.

 7 August 2020

Additional funding request templates

TEOs experiencing increased demand (or forecast demand) in areas of strategic priority can make a request for additional funding.

Additional Funding Request – Further information (PDF, 928 Kb)

Additional Funding Request template for PTEs (XLXS, 36 Kb)

Additional Funding Request template for Transitional ITOs - updated 26 August 2020 (XLXS, 28 Kb)

Additional Funding Request template for TEIs (XLXS, 81 Kb)

Additional Funding Request template for ACE (XLXS, 39 Kb)

All TEOs applying for additional funding from 3 July 2020.

As part of a TEO’s submission of their 2021 investment round documentation.

Or as required for in-year amendments.

A micro-credential certifies a coherent, stand-alone package of learning, tightly focused on a specific skill-set, and can be immediately useful. Micro-credentials enable learners to acquire the skills they need, when they need them. At the same time, they enable TEOs to respond more agilely to employers’ and communities’ changing skill demands.

For more information see the Micro-credentials funding approval sections of our website.

All TEOs eligible for Student Achievement Component (SAC) or Industry Training Fund (ITF) funding can apply for funding to deliver micro-credentials. N/A

COVID Covid-19 Response Plan template (Word, 816 Kb)

TEOs identified as most affected by COVID – 19 will be notified and are required to complete a Covid-19 Response Plan.

The template seeks information from these TEOs, detailing the potential impact on 2021 delivery and their plans in response.  

The template is optional for all other TEOs who wish to share your post COVID planning with us. You may wish to complete this document to assist with your conversations with your relationship advisor or manager.


Indicative Allocations

Changes to your indicative allocations

Your indicative allocation reflects our published methodologies for each fund.  For many funds, any previous under-delivery in 2019 will have led to a reduced allocation for 2021. Some TEOs have received an indicative reduction to their allocations due to poor educational performance and/or areas of delivery impacted by Covid-19. If you wish to discuss how the methodology for a fund determined your organisation’s indicative funding allocation amount, please contact us at with the subject heading “[INSERT YOUR EDUMIS#] How was my indicative allocation calculated?”

If you would like to request a reduction to your indicative funding allocation amount, please contact us at with the subject heading “[INSERT YOUR EDUMIS#] Request reduction to 2021 funding”.

Seeking funding greater than your indicative allocation

If you would like to request funding greater than your indicative allocation, a new Additional Funding Request template will be available. We will only consider requests made using this template, and it must be submitted on the due date for your Plan documentation. The template and guidance on how to use it will be uploaded to our website as soon as they are available.

Want to know more?

For more information about the Investment round, please contact your Relationship Manager or call our Customer Contact Group on 0800 601 301