To ask the Secretary of State for Education, with reference to the IFS's briefing note, Further education and sixth form spending in England, published on 18 August 2021, what assessment he has made of potential effect the IFS-predicted 17% rise in the number of these students aged between 16-18 between 2019 and 2024 on education provision; and if he will provide a longer-term revenue and capital budget for education for students aged between 16-18.
10 September 2021
The department forecasts 16-19 year old student numbers, taking into account population forecasts, when considering the need for future education funding for 16-19 year olds. The future budgets for this education provision will be considered in the Spending Review this autumn.
The department invested an additional £291 million in 16-19 education in the 2021-22 financial year. This was in addition to the £400 million awarded in the 2019 Spending Review. This allowed us to maintain the base rate of funding at £4,188 for all types of providers and to continue with the increased funding for high value and high cost subjects, including the High Value Courses Premium.
This year, the department has also made £83 million in capital funding available through the Post-16 Capacity Fund to support eligible post-16 providers to accommodate the upcoming increase in 16-19 year olds. Bids are currently being assessed and the outcome will be announced in due course.