The letter brings together the 16 to 19 and 19+ funding in
a single letter, rather than them being sent separately at
different points of the year. This has been enabled by
bringing together 16 to 19 and 19+ allocations, funding and
contracting teams into a new post-16 funding centre to
improve our service offer to customers.
Last academic year, we allocated at total of £8.6 billion
to around 4000 institutions, which enabled 4.6 million
students to participate in further education.
Building on this significant investment, in the 2019 to
2020 academic year, we have protected the national base
rates for 16-19 learners at £4000 per full time student
aged 16 to 17 and £3,300 per student for 18 year olds.
The government continues to investment in further education
so that more people have a wide choice of high quality
education and training. This includes:
- up to £20 million to March 2020 to help providers
prepare for the delivery of new, gold-standard T Levels.
This includes through the Taking Teaching
Further programme and T Level Continued
Professional Development Offer– to plan for September
2020 provision, we will provide funding information
before the summer break in 2019 and will make firm
allocations by the end of March 2020, in line with the
usual 16 to 19 funding timetable
- up to £74 million in 2019 to 2020 financial year to
build capacity to deliver industry placements for 16 to 19
students
- £50 million to improve post-16 basic maths through
new Centres for
Excellence programme and a basic maths premium
pilot
- £16 million for an Advanced Maths
Support Programme to raise the quality and
take-up of Level 3 maths
-
£38 million in
capital funding for the first providers of T
Levels to fund equipment and facilities, to be allocated
in 2019 to 2020 and 2020 to 2021
- funding of £170 million to support new Institutes of
Technology from academic year 2019 to 2020 to
deliver higher-level technical skills
- the £15 million
Strategic College Improvement Fund to help
weaker colleges improve
- access to the one-off funding from the Restructuring
Facility until end-March 2019 (for those who
submitted an application prior the deadline of 28
September 2018) to enable colleges to make the structural
changes required to put them on a sustainable financial
footing
The letter also sets out information on how we funded AEB
allocations will change as a result of devolution from 2019
to 2020. AEB providers will be given more information about
this through illustrative allocation letters being released
this month.
The letter also outlines our continued work to increase
scrutiny to protect learners and public funds and how it is
supporting colleges ahead of the launch of the new
insolvency regime, early next year.
