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<p>Since the 2020/21 academic year, the department has made significant increases
in funding per student for 16–19 year-old education. The 2021 Spending Review made
available an extra £1.6 billion for 16-19 education in the 2024/25 financial year
compared with 2021/22.</p><p>In July 2023, the department announced that it will be
investing £185 million in 2023/24 and £285 million in 2024/25 to drive forward skills
delivery in the further education sector. This funding will help colleges and other
providers to continue to deliver high-value technical, vocational, and academic provision
needed to power economic growth and prosperity. This investment will be delivered
via core 16-19 year-old funding, including through boosting programme cost weightings
for higher-cost subject areas, as well as increasing the per-student funding rate.
This investment is on top of £125 million the department announced in January 2023
for 16-19 education in the 2023/24 financial year.</p><p>In October 2023, the government
announced that, in the future, students retaking English and mathematics GCSE while
studying at Level 2 or below will attract the same funding that those studying at
Level 3 already receive.</p><p>The department does not record the real terms changes
to funding as requested and therefore does not hold this information.</p><p>The table
below uses the published 16-19 funding allocations to derive the average funding per
student, in both England and Cornwall from 2014/15 and the subsequent nine academic
years, in cash terms. This includes all 16-19 funded students, including those in
further education colleges, school sixth forms, and other types of provider. The figures
are not available for 2005/06 to 2013/14.</p><table><tbody><tr><td colspan="2"><p>Average
total programme funding per student[1] England</p></td><td><p>Cornwall</p></td></tr><tr><td><p>2014/2015</p></td><td><p>£4,432</p></td><td><p>£4,200</p></td></tr><tr><td><p>2015/2016</p></td><td><p>£4,489</p></td><td><p>£4,326</p></td></tr><tr><td><p>2016/2017</p></td><td><p>£4,488</p></td><td><p>£4,396</p></td></tr><tr><td><p>2017/2018</p></td><td><p>£4,514</p></td><td><p>£4,393</p></td></tr><tr><td><p>2018/2019</p></td><td><p>£4,504</p></td><td><p>£4,410</p></td></tr><tr><td><p>2019/2020</p></td><td><p>£4,516</p></td><td><p>£4,447</p></td></tr><tr><td><p>2020/2021</p></td><td><p>£4,958</p></td><td><p>£4,783</p></td></tr><tr><td><p>2021/2022</p></td><td><p>£4,994</p></td><td><p>£4,878</p></td></tr><tr><td><p>2022/2023</p></td><td><p>£5,469</p></td><td><p>£5,321</p></td></tr><tr><td><p>2023/2024</p></td><td><p>£5,923</p></td><td><p>£5,779</p></td></tr></tbody></table><p>[1]
This calculation only includes institutions that have students receiving total programme
funding. Some institutions receive only high needs funding – their students are not
included in this calculation.</p><p> </p><p>The department is continuing to invest
in education and skills training for adults through the Adult Education Budget (AEB).
This resulted in £1.34 billion of investment in the 2023/24 Funding Year.</p><p>In
2023/24, the government has devolved approximately 60% of the AEB to 9 Mayoral Combined
Authorities (MCAs) and the Greater London Authority (GLA). These authorities are now
responsible for the provision of AEB-funded adult education for their residents, allocation
of the AEB to providers, and for reporting funding in devolved areas. The Education
and Skills Funding Agency (ESFA) is responsible for the remaining AEB in non-devolved
areas. In ESFA AEB areas the department applied a 2.2% increase to the final earnings
for all AEB formula-funded provision (excluding associated learner and learning support)
in the 2022/23 and 2023/24 academic years. In addition, the department also applied
a 20% boost on top of earnings for all AEB formula-funded provision in 6 sector subject
areas: Engineering, Manufacturing Technologies, Transport Operations and Maintenance,
Building and Construction, ICT for Practitioners, and Mathematics and Statistics.</p><p>Spend
by the department on further education is reported through publication of the Annual
Report and Accounts, which is available at: <a href="https://www.gov.uk/government/collections/dfe-annual-reports)"
target="_blank">https://www.gov.uk/government/collections/dfe-annual-reports</a>.
The department is unable to provide average funding per learner as funding is determined
by a combination of factors including funding rates, funding formulas, earnings method
and support funding.</p>
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