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Investment Toolkit

The Investment Toolkit provides information, products and templates for Investment from 2022.

Our objective is to make high-quality investment decisions. We want our decision making to support 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 for investment from 2022.

Investment Round Roadmap (PDF, 569 Kb)
Investment Round Timeline graphic (PDF, 840 Kb)

Activity	Timing
TEC releases Plan Guidance	December 2020
TEC updates Investment Toolkit material and Plan engagement begins	By March 2021
TEC publishes notices in the New Zealand Gazette setting out requirements for Plan content, timetable, assessment, and Plan summaries (this notice)	By March 2021
TEOs receiving more than $5m submit Summary of Plan Shifts	30 April 2021
Government announces Budget	May 2021
TEC releases Supplementary Plan Guidance to reflect any policy or Budget changes (as required)	June 2021
TEC provides indicative allocations, and releases Mix of Provision (MoP) and EPI Commitment (EPIC) templates	By 1 June 2021
TEOs submit proposed Plans, including MoP, EPIC, Learner Success and Additional Funding templates	9 July 2021
TEC reviews proposed Plans and has further discussion with TEOs as needed	July - October 2021
TEOs notified of decisions via Plan funding approval letter (TEOs with no additional funding requests)	From late October 2021
First payments made against Plans; Plan delivery begins	January 2022

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 Plan Guidance December 2020 (PDF, 1.2 Mb) and Supplementary Plan Guidance released June 2021 (PDF, 751 Kb).

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.

Plan Gazette notice 2021

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 (PDF, 1.2.Mb), 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 funding.

All existing briefs have been updated for funding from 2022 with new data and information where it is available.

Investment Briefs

Student Achievement Component (SAC) Investment Briefs

Infosheet: SAC Investment Briefs (PDF, 641 Kb)
SAC levels 1-3 Investment Brief (PDF, 938 Kb)
SAC levels 4-7 (non-degree) Investment Brief (PDF, 1.1 Mb)
SAC level 7 (degree) Investment Brief (PDF, 1.1 Mb)

Industry Training Fund (ITF) Investment Briefs

Infosheet: ITF Investment Briefs (PDF, 1 Mb)
ITF levels 1-2 Investment Brief (PDF, 946 Kb)
ITF levels 3-4 Investment Brief (PDF, 960 Kb)
ITF levels 5-7 Investment Brief (PDF, 967 Kb)
New Zealand Apprenticeship Investment Brief (PDF, 953 Kb)

Construction Investment Brief

Construction Investment Brief (PDF, 824 Kb)

Secondary Initial Teacher Education Brief

Secondary Initial Teacher Education (ITE) (PDF, 878 Kb)

Food and Fibre Sectors Investment Brief

Food and Fibre Sector Investment Brief (PDF, 975 Kb)

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 is ensure all learners succeed.

From 2022 we expect your Educational Performance Indicator Commitments (EPICs) to reflect current performance compared to the investment brief targets. This includes parity of Māori and pacific leaners to non-Māori and non-pacific learners. Where your current performance is below these targets we expect progress of between 0.5 and 2 percentage points annually, depending on how far below the target your current performance is. For those with performance at or above these levels we expect to see targets that maintain or improve this.

The Infosheet– Learner Success (Word, 522 Kb) provides background information about the TEC’s Ōritetanga Learner Success work to ensure success for all learners.

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. The post-study outcomes information also provide a snapshot of regional demand.
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 Mb)

Labour market, skills and economic growth information

When assessing your Investment Plan, we will look at 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 the labour market, skills and regional economic growth in New Zealand.

Infosheet: where to find labour market, skills and economic growth information to assist with Investment Plans (PDF, 610 Kb)

The information currently included in some of these links was developed before the COVID-19 pandemic. We suggest you take the date of publication into account when considering these resources.

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 Mix of Provision (MoP) templates). Please refer to the table below for other relevant templates.

Template description	Who needs it	Submission deadline
The Summary of Plan Shifts Template (Word, 75 Kb) This template captures significant proposed shifts and initiatives that will be included in the investment Plan. The Summary of Plan Shifts supports the engagement between TEOs and TEC leading into the Plan round.	TEOs who receive $5 million in TEC funding.	30 April 2021
The Investment Plan template (Word, 4.1 Mb) TEOs can 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. New providers seeking 2022 funding over $5 million are encouraged to use this template as part of their New Provider application.	9 July 2021 (please refer to timeline for further detail)
Learner Success Plan Template (LSP) (Word, 423 Kb) The purpose of this template is to help TEOs focus on the key questions which we think are important to 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 required to submit a full Plan and receiving more than $5 million in funding are required to use this template as part of their Plan submission. New providers seeking 2022 funding over $5 million must complete this template as part of their New Provider application.	9 July 2021
Additional Funding Requests for funding in 2022 Additional funding requests are for TEOs experiencing increased demand in areas of strategic priority. Instructions for completing a request can be found in a dedicated tab in the request template. Please ensure you have talked with your relationship manager or advisor and completed the template correctly before submitting a request. Additional funding requests for 2022 are to be submitted at the same time as your 2022 plan documents. Additional Funding Request Application Template for PTEs, REAPs and CEPs (Excel, 365 Kb) Additional Funding Request Application Template for Transitional ITOs (Excel, 153 Kb) Additional Funding Request Application Template for TEIs (Excel, 331 Kb)	Any TEO wishing to request funding above their 2022 indicative allocation must submit an additional funding request using the template(s) provided.	9 July 2021 - Additional funding requests for 2022 are to be submitted at the same time as your 2022 plan documents.
Additional Funding Requests – 2021 in year amendments We will be accepting additional funding requests for 2021 in-year amendments after 30 April 2021. Additional funding requests will not be accepted after 30 September 2021. Additional Funding Request Application Template for PTEs including Community Education Providers for 2021 (Excel, 371 Kb) Additional Funding Request Application Template for TEIs for 2021 (Excel, 341 Kb) Additional Funding Request Application Template for ITF (Excel, 125 Kb) For any additional funding requests for Transitional ITOs please contact your Relationship Manager in the first instance.	Any TEO wishing to request funding above their 2021 allocation must submit an additional funding request using the template(s) provided.	In-year amendments for 2021 – must be submitted by 30 September 2021.
Micro-credentials 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

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.

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