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<p>When deciding the bursaries for Initial Teacher Training (ITT), the Department
takes a number of factors into account including historic recruitment, forecast economic
conditions and teacher supply need in each subject.</p><p>The unprecedented increase
in new entrants to ITT seen in 2020/21 has declined over the past two years. The graduate
labour market became more competitive and pay has risen in competing sectors.</p><p>To
respond to this challenge, the Department announced an ITT financial incentives package
worth up to £181 million for 2023/24, which is a £52 million increase on the previous
year. This includes bursaries worth £27,000 tax free and scholarships worth £29,000
tax free, to encourage talented trainees to teach in key subjects such as mathematics,
physics, chemistry and computing.</p>
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