Implied rate of council partial funding
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This field records the implied rate of Learning and Skills Council (LSC) partial funding.
|Base data type||xs:nonNegativeInteger|
To calculate LSC funding for the institution.
The implied rate of LSC FE funding must be entered in this field for ESF funded provision that is not LSC ESF co-financed. The implied rate of LSC FE funding is the inverse of the ESF intervention rate, that is:
Implied rate of LSC FE funding = 100 - ESF intervention rate
For example if the ESF intervention rate is 45% the implied rate of LSC FE funding is 55%. The valid entry would be 055.
Where no ESF funding is indicated, this field should return 000.
The length of this field is 3 characters, however the move to XML enables data to be returned with or without leading zeros, e.g. 003 or 3.