Payment Arrangements
The WMCA will run the BACS payments on the 15th working day of each month. You will need to ensure that you have cash flow available to accommodate these payment terms.
Grant Providers will be provided, in advance of the start of the funding year, with a payment profile based on your agreed delivery plan, underpinned by your Grant/Contract.
Contract for Services Providers will receive payment based on actual delivery.
You will be advised in writing in advance of any in-year changes being made to the value of your Grant or Contract. WMCA reserves the right to cease payments, should you be in breach of your Contract.
The normal payment timeline is shown below:
Day of month |
Action |
| Workday 4 |
Provider submits ILR to ESFA |
| Workday 5 |
ESFA runs validation checks |
| Workday 6 |
WMCA receives occupancy report |
| Workday 7-14 |
WMCA checks the accuracy of returns |
| Workday 15 |
WMCA Bacs run to providers |
For all providers, funding agreements will span two financial years:
- August 2022 to March 2023: periods 1 to 8 of the 2022 to 2023 funding year
- April 2023 to July 2023: periods 9 to 12 of the 2022 to 2023 funding year