QQI’s powers to assess the corporate fitness or financial standing of any provider with which it engages are important in supporting the integrity of the education and training sector in Ireland. Past college closures and difficulties with providers can be linked directly to failures in corporate governance and financial management.
New criteria are being developed to ensure that providers engaging with QQI and the National Framework of Qualifications have the capacity to do so.
QQI will have the power to withdraw from its engagement with any provider if the provider fails to meet the specified criteria. Requiring providers to comply with corporate fitness criteria will significantly reduce the need to call on the Protection of Enrolled Learners fund.