The detailed business plan will further test the proposals made at One. Applicants will have an opportunity to supplement information provided at Stage One. They will be asked for further, more detailed information, and we will carry out greater testing of the evidence. This will include: full curriculum plan and research plan; full staffing, estates and facilities plans; full financial plan including the overall viability of the business model and full stress testing of assumptions; greater detail of employers’ commitments and contributions including funding, equipment/facilities, staff resource; the risk sharing model; and the full project delivery plan. A for money criteria will also be added. Where the quality of any criteria is diluted under the impact of being part of a cluster of proposals, quality scores will then be evaluated in this context. Applicants will have received Stage One feedback as to: which criteria are at risk, and from which clustered proposals. Stage Two may include bids that merge some Anchor institutions from clustered proposals if they are a credible response to this feedback. Financial, capital and legal due diligence will also be carried out at this stage. 47. Proposals will be re-scored and re-ranked at Stage Two, after which the Expert Panel will provide recommendations to Ministers on the quality threshold above which proposals will be judged successful. The final quality threshold will set which proposals will be eligible for IoT status and capital funding (where applicable), subject to final assurances and due diligence plus acceptance of the relevant funding and licence agreements. Post Stage Two, the Department reserve the right to negotiate the engrossment of the capital award. Figure 2: The IoT competition STAGE ONE
In answering 1(b) you should address the following elements: In assessing whether the element is of a pass standard, the assessor will expect to see: In assessing whether the element is of an exceed standard, the assessor will expect to see: Define the occupations and specific skills needs that will be addressed by the IoT and why these are considered priorities for driving future productivity and economic growth in the area. The scope of the IoT is well-defined with a clear focus on the occupations and skills that will drive improvements in productivity and economic growth in future. The of the IoT is very well-defined and with a strong focus on the occupations and skills that will drive significant improvements in productivity and economic growth in future. Provide evidence as to why there is genuine unmet demand from employers in the area for the skills the IoT will provide. For example, you could reference a market assessment or other surveys in the Market Assessment Annex, and/or draw on other sources such as local skills strategies or area reviews. Good market assessment from a of independent sources, including employers themselves. Compelling market assessment evidence from a wide range of robust, independent data sources including employers themselves. Set out how you expect the skills needs of employers in the area to change in the future. Good understanding of future skills needs based on clear assumptions about the economic, technological, demographic and political drivers of future demand. Strong understanding of the expected change in the skills mix employers will need to keep pace with technological change, especially the transition to the digital economy, over 5 and 10 year horizons. Q.2 How will the proposed IoT significantly increase the number of learners with higher level technical skills?
In answering 4(a) you should address the following elements: In assessing whether the element is of a pass standard, the assessor will expect to see: In assessing whether the element is of an exceed standard, the assessor will expect to see: Provide details on the range of employers that will be engaged in the IoT. This should include both the “anchor employers” (employers who will be part of the formal collaboration) and those that will be engaged more widely. You should demonstrate how the employers represent: Breadth of coverage of sector specialisms, including how they can contribute positively across sectors. Anchor and wider employers represent chosen sectors and unmet demand from employers as defined in question 1 b) and link to other related sectors where appropriate to enhance the learning offer. Employers are representative of the full breadth of the chosen sector specialisms with compelling evidence of how they can link to other related sectors to enhance the learning offer. Breadth in type of employers engaged in terms of size, position in supply chain (e.g. prime contractors, Tier 1 Integrator, SMEs) market position, levels of R&D. Good evidence of range of anchor and wider employers in terms of size, position in supply chain, market position, levels of R&D. Wide range of employers covering a comprehensive breadth of sizes and positions in supply chain including market leaders at national level, with robust evidence of high levels of R&D. The geographical area of the IoT. Anchor and wider employers are located in the geographical area. Robust evidence that employers are representative of the local labour market, supported by labour market data. In answering 4(b) you should address the following elements: In assessing whether the element is of a pass standard, the assessor will expect to see: In assessing whether the element is of an exceed standard, the assessor will expect to see: You should provide details of how both anchor employers and wider employers will be engaged in the IoT: How anchor employers will engage in governance and leadership along with the design, delivery and assessment of provision. Good evidence of anchor employer engagement in governance and leadership roles and advising on and delivering the curriculum. Compelling evidence of strong representation from senior level employer representatives in key governance roles; employers with appropriate operational skills and expertise in leadership teams; compelling evidence of how