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 2017 to 2018 rates and formula

Funding rates and formula: 2017 to 2018 presentation

Funding guidance for young people 2016 to 2017 rates and formula

Funding guidance for young people 2015 to 2016 rates and formula

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 2017 to 2018, we have made the following additions and updates.

  • student numbers: we have revised this section and added extra detail on how we calculate lagged student numbers
  • changes to planned hours: we have updated the policy for making changes to planned hours. If the planned hours for a student’s study programme change within the first 6 weeks, the institution must update the planned hours
  • disadvantage funding block 2: we have revised this section. We have changed our methodology so that we now use, ILR, school census, and HESA data to calculate block 2 funding
  • area cost uplift: we have revised this section so that it is clear how we calculate area cost uplift factors, by using either the delivery location of the institution’s provision or the institution’s head office location

Guidance from 2016 to 2017 and 2015 to 2016 are also available on this page.