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426114

registered interest
date	04/11/2015
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Further Education: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what assessment she has made of the effect of annual funding cycles on the ability of further education and sixth form colleges to undertake financial planning; what discussions she has had with Cabinet colleagues on that matter; what plans the Government has to change those funding cycles to reflect Government spending review cycles; and if she will make a statement.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	14932
answer	answer is ministerial correction date of answer 09/11/2015 answer text <p>16-19 funding is that it is based on the level of recruitment institutions delivered in the previous year. That means institutions’ funding keeps pace with changing student numbers with the minimum delay. The Government has no plans to change the 16-19 funding system.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 09/11/2015 16:33:25 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	4124 label Biography information for Chi Onwurah

426117

registered interest
date	04/11/2015
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Sixth Form Colleges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what assessment she has made of the effect on the financial sustainability of sixth form colleges of (a) VAT and (b) pension costs; and if she will estimate the average proportion of a sixth form college's budget which is spent on those costs.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	14892
answer	answer is ministerial correction date of answer 10/11/2015 answer text <p>The Education Funding Agency (EFA) regularly assesses the financial viability of sixth-form colleges on behalf of the department. Those assessments take account of all income and costs for colleges, including costs relating to VAT and pension liabilities.</p><p>The department estimates that VAT accounts for about 3% of sixth form colleges’ expenditure each year.</p><br /><p>With regards to pension costs, sixth-form colleges may contribute to a number of pension schemes. The SFC financial returns are available online at <a href="https://www.gov.uk/government/publications/sfa-financial-management-college-accounts" target="_blank">https://www.gov.uk/government/publications/sfa-financial-management-college-accounts</a> and show employer contributions to pensions. The EFA does not routinely collect data on the cost of other pension schemes through financial returns.</p><br /> <br /> <br /> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 10/11/2015 16:01:11 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	4124 label Biography information for Chi Onwurah