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Statistics

Financial Contingency Funds

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  • Release date: 27 March 2014
  • Period covered: 2012/13
An annual report which presents information on applications by level and mode of study, learner provider and category of award.

In 2012/13, the total Financial Contingency Funds (FCF) budget allocated to Higher Education Institutions (HEIs) remained at £2.1m (the same as in 2011/12 and 2010/11). Applications to HEIs and individual awards given out decreased compared with the previous year. In 2012/13, the total FCF budget allocated to Further Education Institutions (FEIs) remained at £7.0m (the same as in 2011/12, 2010/11 and 2009/10). Applications to FEIs decreased compared with the previous year although the number of individual awards given out increased.

Key points

Higher Education

  • The number of applications for financial assistance from FCFs fell by 6 per cent to 5,735 compared with the previous year. The number of successful applications fell to 4,860 (a 3 per cent decrease compared with the previous year).
  • 5,055 individual awards were funded in 2012/13, compared with 5,225 in the previous year (a decrease of 3 per cent). On average, applicants were awarded an FCF award of £410 in 2012/13, compared with £395 in 2011/12.
  • The total amount allocated to institutions was £2.1m.

Further Education

  • The number of applications for financial assistance from FCFs fell by 20 per cent to 15,550 compared with the previous year. The number of successful applications fell to 13,825 (a 19 per cent decrease compared with the previous year).
  • 23,055 individual awards were funded in 2012/13, compared with 25,870 in the previous year (a decrease of 11 per cent). On average, applicants were awarded an FCF award of £300 in 2012/13, compared with £265 in 2011/12.
  • The total amount allocated to institutions was £7.0m.

Contact

Tel: 029 2082 3895
Email: post16ed.stats@wales.gsi.gov.uk

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