DAM code 043 – Capping Factor Exemption
For the 21/22 academic year, the WMCA has introduced a new DAM code that will remove the capping factor funding rate.
Based upon the ESFA funding rules a funding cap applies to each Student, and it applies across all adult skills budget provisions except apprenticeships. The funding cap is £4,400 per Student per year before any weightings or government contribution calculations are applied.
For the WMCA to fund Students for more than £4,400 per year, DAM code 043 will need to be used. This will be applied against each learning aim that the provider wishes to remove the £4,400 cap for. This code must only be used with explicit written permission from the WMCA. If the provider feels as though they need to use DAM 043 then please contact the WMCA with justification for this.