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<p>We forecast future 16-19 year old student numbers and take into account population
forecasts when considering the future need for education funding for 16-19 year olds.
Future budgets for this education provision are being considered in the current Spending
Review.</p><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 funding 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>This year, we have also made £83 million in capital funding available
through the Post-16 Capacity Fund to support eligible post-16 providers to accommodate
the upcoming increase in 16-19 year olds. Bids are currently being assessed and the
outcome will be announced in due course.</p>
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