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Transparency data

Measuring the net present value of further education in England

Estimates of the economic return from further education qualifications started in academic year 2021 to 2022.

Applies to England

Documents

Details

Analytical report: the net present value of further education provides estimates of the economic return from qualifications in further education using the most recent data on labour market outcomes. This economic return is known as the net present value (NPV).

The annex contains the:

  • key model inputs including achievement rates, costs and guided learning hours for classroom-based provision and off-the-job training hours for apprenticeships
  • report tables

Analytical report: returns to further education by prior NEET status provides employment and wage returns for further education learners who were not in employment, education or training (NEET) in the year before their training. The analysis uses the same data as the original report.

Measuring the net present value of further education 2018 to 2019 is also available.

Updates to this page

Published 13 February 2025
Last updated 20 May 2026 show all updates
  1. Added 'Analytical report: returns to further education by prior NEET status'.

  2. First published.

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