Guidance

Funding rates and formula

The funding rates and the formula used in the funding arrangements for 16 to 19 year olds.

Documents

Funding guidance for young people 2021 to 2022 rates and formula (printable version)

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Funding guidance for young people 2020 to 2021 rates and formula

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email ESFA.GOVUK-ENQUIRIES@education.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This guidance document covers the period 1 August 2021 to 31 July 2022 and is our current advice for the funding year. We know that providers are working through exceptional circumstances due to coronavirus (COVID-19). We may publish further updates to this guidance document about the impact of coronavirus (COVID-19) on our funding rules as these become clear. We will tell you about any changes in our ESFA updates.

You might find our published information about what colleges and other providers need to do during the coronavirus (COVID-19) outbreak useful.

For 2021 to 2022, we have made the following updates to this guidance:

  • the introduction – this now includes arrangements related to coronavirus (COVID-19)
  • Retention – the funding methodology is temporarily using an average factor
  • Index of Multiple Deprivation (IMD) 2019 – the funding methodology now uses the 2019 Index, rather than the 2015 one
  • Exceptional in-year growth – we made minor additions to clarify the providers eligible for growth and to state that we have the power to recover growth awards
  • Formula protection funding – we no longer pay formula protection funding
Published 19 May 2015
Last updated 10 March 2021 + show all updates
  1. Funding rates and formula for 2021 to 2022 has been added.

  2. We have issued the Funding rates and formula 2020 to 2021 version 1.2 to include information relating to the high value courses for 18 and 19 year olds one year offer and some minor clarification. All changes are listed on page 7 of the document

  3. We have confirmed that the published funding rates and formula 2020 to 2021 is our current advice for the academic year and if or when we make updates to this we will communicate this through the ESFA Update

  4. We have added the funding rates and formula guidance for the academic year 2020 to 2021.

  5. The page has been updated for the 2019 to 2020 academic year.

  6. The supporting presentation for the 2018 to 2019 Funding rates and formula guidance has been added.

  7. The guidance for 2018 to 2019 funding rates and formula have been added.

  8. Funding rates and forumula 2017 to 2018 presentation has been added to the page.

  9. The funding rates and formula for 2017 to 2018 has been added.

  10. Funding guidance for young people 2016 to 2017 rates and forumula has now been added

  11. First published.