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<p>The government announced on 31 August 2019 that it will invest an extra £400 million
in 16-19 education in 2020-21. This is the biggest injection of new money in a single
year since 2010 and represents an increase of 7% in overall 16-19 funding. As part
of this, the base rate of funding for all types of providers will be increased by
4.7% in academic year 2020-21, from £4,000 to £4,188. This extra funding will support
all types of courses, including vocational subjects and as part of this, we have now
announced that T Levels funding rates will also be increased by 4.7%.</p><p>The funding
settlement for further education for adults aged 19 and over will be confirmed in
due course. Additionally, funding for 2021-22 onwards will be considered in the full
Spending Review next year.</p>
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