Stage 2: Strategic decisions -
Join up funding streams
Establish specific purpose
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Choose a funding channel
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Define contract scale
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Join up funding streams
Having too many separate funding streams is inefficient. To
avoid this, before you establish a new funding stream for your
programme, you must check whether your programme’s objectives can
be met through an existing programme, including
those provided by other public bodies. This may mean adding your
programme’s objectives and money to those of an existing
programme.
If you are concerned that the objectives of your programme may
get ‘lost’ in the existing programme, consider
ring-fencing your programme’s money within the
existing programme. Note that this may reduce the provider’s
ability to respond flexibly to local needs.
If, having considered joining-up options, you decide to
establish a separate financial stream for your programme, you
should ensure that your funding model is aligned with other
relevant funding streams [Footnote 1].
For example:
- Different funders and commissioners should rely on
evidence collected by each other, rather than
duplicating monitoring or inspection requirements
- Many terms and conditions are not specific to
any particular programme and should be broadly consistent across
different financial streams.
Notes
- [back from footnote 1] One
of the ambitions of this DST is eventually to be able to offer to
government bodies a small number of standard funding models that
can be used, with small adjustments, in any situation. Drafts of
these models are set out in Annex E: Examples
of funding models.