Guidance

Funding rates and formula

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

Documents

Details

Colleges, providers, schools and academies receive annual funding allocations from the Education and Skills Funding Agency (ESFA) for provision of 16 to 19 education.

These documents give advice about the use of funds for each funding year.

For the academic year 2019 to 2020, we have made the following additions and updates to this guidance document.

  • a new section on student numbers and funding factors for merged institutions
  • the retention section includes information on retention for 2 year programmes
  • a new section on the work placements Capacity and Delivery fund

Guidance from 2018 to 2019 and 2017 to 2018 are also available on this page.

Published 19 May 2015
Last updated 25 April 2019 + show all updates
  1. The page has been updated for the 2019 to 2020 academic year.
  2. The supporting presentation for the 2018 to 2019 Funding rates and formula guidance has been added.
  3. The guidance for 2018 to 2019 funding rates and formula have been added.
  4. Funding rates and forumula 2017 to 2018 presentation has been added to the page.
  5. The funding rates and formula for 2017 to 2018 has been added.
  6. Funding guidance for young people 2016 to 2017 rates and forumula has now been added
  7. First published.