To ask His Majesty's Government what assessment they have made of the impact that real-terms cuts to funding for further education are having on colleges.
Answered on
12 December 2022
The 2021 Spending Review announced an extra £1.6 billion in funding for 16-19 education and training in 2024/25, compared to 2021/22. This includes an up-front cash boost which has seen the overall average rate of funding per student increased by 9.5% in allocations for the 2022/23 academic year.
The department is also investing £2.8 billion of capital funding for skills over the Spending Review period, including to improve the condition of further education estates, create more post-16 places and support the rollout of T-Levels.
The department assesses and reviews colleges’ financial health on a regular basis and uses this information to determine where support and intervention from the department, Education and Skills Funding Agency and further education commissioner can help colleges to improve their position. More information on this is available here: https://www.gov.uk/government/publications/college-oversight-support-and-intervention.