Fasset has adopted a pipeline approach to funding. The pipeline approach seeks to identify the education and training value chain of people who want to enter into the sector or who are progressing up the value chain within the sector.
To facilitate skills development, transformation and social upliftment in the sector in pursuance of NSDS Targets Fasset funds programmes that meet specific criteria in this regard, by utilising unclaimed grant money. Fasset's Board earmarks, on an annual basis, areas of high skills need within the sector, based on the Sector Skills Plan and other research. Strategic project interventions are identified and are advertised annually in this regard. All new projects are approved by the Grants Adjudication Committee (GAC) All Bridging Programmes are geared towards addressing the underprivileged demographic profile within the sector, and all are therefore in line with the NSDS targets. The open windows are advertised on the Fasset website (https://www.fasset.org.za/inner?section=8&page=60) . Potential service providers are advised to regularly check these public sources of information for new and updated information.
Please see the list below of the projects that are currently running.
1. Academic Bridging Programmes (PIVOTAL and NON-PIVOTAL) that lead to academic and/or professional body qualifications/designations
This enables Fasset to partner with public providers from Universities and Universities of Technology registered with DHET; and Professional Bodies in the Fasset sector to ensure that learners obtain formal qualifications that will enhance their chances of securing learnerships, internships or full time employment in the broader economy including in the Fasset sector.
The outcome of this intervention is that learners will have progressed from one academic level to the next; or obtained a qualification and/or a designation, or will have been placed onto learnerships, internships or in full time employment and that Fasset would have formed stronger partnerships with public providers and professional bodies.
This will enable Fasset to partner with public providers from Universities and Universities of Technology registered with DHET to ensure that learners are fully bursared in order to obtain formal qualifications that will ultimately enhance their chances of securing learnerships, internships or full time employment in the broader economy including in the Fasset sector.
Fasset is currently in the process of establishing the parameters to issue bursaries to the “Missing Middle” as from January 2017 and is working with Universities and Universities of Technology registered with DHET to finalise.
3. Financial support for learners in the sector with student loans:#NSFAS Loan Repayment Grant
This enables Fasset to identify young learners who have already completed a qualification aligned to scarce skills within the sector and are being hampered in achieving their full potential due to the financial burden that they are carrying.
The outcome of this intervention is that learners will be relieved of their financial burden, will be able to complete their learnerships without having to change jobs just for higher salaries to pay off their loans AND re-inject additional funding into the NSFAS pool which will enable additional learners to have access to full time study opportunities. In other words this intervention will have a double benefit to the post schooling system in that the Fasset sector will be able to access learners who are not as financially burdened as they were previously whilst also offering opportunities to new learners who are seeking to enter the higher education and training area who are financially constrained.
Only specific qualifications and learnership programmes are eligible for this grant. These are described below.
For qualifications, the following is applicable:
For learnership programmes, the following is applicable: