31 August 2020 at 9:00 am
Private Training Establishment Targeted Assistance Fund
Private Training Establishments (PTEs) facing difficulties because of the impacts of COVID-19 can now apply for funding from the Private Training Establishment (PTE) Targeted Assistance Fund (TAF).
Applications are now closed.
The fund will provide assistance to PTEs that attract international students to their region, and have a unique education offering that contributes to skills development and students pathways. This includes those which may be the only provider of that type in the region and/or are a significant employer in the region. This also includes PTEs that support the broader international education sector and the wider economy.
To be eligible to apply for this funding, PTEs must meet all of the following eligibility criteria:
- be a private training establishment as defined in section 10(1) of the Education and Training Act 2020
- hold a Category 1 or Category 2 External Evaluation and Review (EER) rating from the New Zealand Qualifications Authority (NZQA) as at 1 July 2020,
- have experienced at 40% decline in revenue between 1 March and 31 December 2020 (actual and projected, with the latter auditable) compared with the same period in 2019. The decline in actual revenue must be related to COVID-19, and
- have had 50% or more international students enrolled as equivalent full time students (EFTS) in 2019
The PTE TAF, managed by the Tertiary Education Commission (TEC), is part of a long-term recovery plan for the international education sector.
For more details visit the PTE Targeted Assistance Fund page.