Information you need to complete the FVRA Tool

Completing the Financial Viability Risk Assessment (FVRA) Tool requires thorough preparation and accurate information. To help you get started, here are the top three pieces of information and advice you will need to complete the tool successfully.

Information you need to complete the FVRA Tool

1. Accurate Student Enrolment Information

The FVRA Tool heavily relies on accurate student enrolment data to assess your

organisation’s financial viability. This includes historical enrolment figures, current student

numbers, and projections for future enrolments. Inaccurate or inconsistent enrolment data

can raise questions about the credibility of your application.

Actionable Advice:

Ensure your enrolment data is consistent across your student management system and

the FVRA Tool. Double-check details like course-wise enrolments and tuition fee collections

to avoid discrepancies. If you’re projecting new enrolments, base your estimates on

historical trends and justify any significant changes.

2. Operational Information

Operational details, such as the student-to-trainer ratio, are crucial for demonstrating your

organisation’s capacity to deliver quality education. You will need to include data that covers

both the theory and practical components of your courses and a breakdown of

operational expenses like staff salaries and overhead costs.

Actionable Advice:

Work with your accountant to prepare a detailed breakdown of operational costs and ratios.

Ensure the student-to-trainer ratio complies with regulatory requirements and reflects your

organisation’s commitment to quality education. These details support your financial data

and demonstrate your operational efficiency.

3. Supporting Documents

The FVRA Tool requires supporting documents to validate the information provided. This

Includes lease agreements, bank statements, insurance certificates, and other documents

demonstrating financial stability and operational readiness.

Actionable Advice:

Gather all supporting documents in advance and ensure they are up to date. For example:

• Lease agreements confirm your access to facilities.

• Bank statements demonstrate financial health and liquidity.

• Insurance certificates show you’re prepared for contingencies.

Having these documents ready ensures a smoother and more credible submission process. With accurate student enrolment data, detailed operational information, and up-to-date supporting documents, you will have everything you need to complete the FVRA Tool

successfully. Feel free to contact us for expert help with the FVRA Tool.