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<p>We have invested an extra £291 million in 16-19 education in the 2021-22 financial
year. This is in addition to the £400 million awarded in the 2019 Spending Review,
which was the biggest injection of new money into 16-19 education in a single year
since 2010. This has allowed us to raise the base rate of funding for all providers
of 16-19 education, including school sixth forms and sixth-form colleges, from £4,000
in the 2019/20 academic year to £4,188 in the 2020/21 and 2021/22 academic years,
as well as to make further funding increases targeted on high value and high cost
programmes.</p><p>As a result, the average total programme funding per 16-19 student
has increased by nearly 10% from £4,516 in 2019/20 published allocations, to £4,958
in 2020/21 published allocations[1]. We will need to consider the outcome of the 2021
spending review and what this will mean for funding rates beyond the 2021/22 academic
year.</p><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. In addition, the Condition of Funding
adjustment for English and maths and the Advanced Maths Premium have been incorporated
in total programme funding in 2019/20 to make this consistent with the definition
in 2020/21.</p>
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