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Further Education: Expenditure

Question for Department for Education

UIN 101099, tabled on 1 December 2022

To ask the Secretary of State for Education, what estimate she has made of the spend on 16-19 education in the current financial year.

Answered on

6 December 2022

Funding is allocated to institutions for education and training for 16 to 19-year-olds and young people aged up to 25 with special educational needs and disabilities (SEND) by academic year. For the 2022/23 academic year the department has made available £6.5 billion.

The Autumn Budget and Spending Review 2021 made available an extra £1.6 billion for 16 to 19 education in 2024/25 compared with financial year 2021/22. This is the biggest increase in 16 to 19 funding in a decade. This will help to fund the additional students anticipated in the system, 40 extra hours per student, and provide an affordable increase in funding rates per student. This includes an up-front cash boost which will see the national rate of funding increase by over 8% in academic year 2022/23, from £4,188 to £4,542 per student.

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