Funding for the practice:
A Placement Fee is paid to the practice [at the rate of the Trainer’s Grant] currently £8584.00 per annum.
12 months £8584
8 months £5720
6 months £4290
3 months £2145
1 month £715
This Fee is not reduced pro-rata if the placement is part-time and it is claimable regardless of whether the trainer already has an ST1-3 in post.
If the placement occurs within one financial year the practice should claim the amount in full at the end of the placement.
For example: a practice hosting a 6-month placement from 5th April 2020 to 5th Oct 2020 should claim £4290.00 on completion of the placement.
If the placement falls across two financial years, the practice should invoice for half the amount due at the end of the financial year and the remaining amount on completion of the placement
For example: a practice hosting a 12-month placement from 1st December 2020 to 1st December 2021 should claim £2860.00 (4-month) before 31st March 2021 and the remaining £5720.00 (8-month) on completion of the placement.
In the event of the placement being extended or shortened the amount can be calculated pro rata and claimed in the same way.