Funding rates and formula
The funding rates and the formula used in the funding arrangements for 16 to 19 year olds.
Applies to England
Documents
Details
On this page, you can find the last 3 years of our 16 to 19 rates and formula guidance.
The latest guidance covers the period 1 August 2024 to 31 July 2025 and is our current advice for the 2024 to 2025 funding year. You can see the changes from the previous year by looking in our what’s new section.
Last updated 27 March 2024 + show all updates
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We have published the funding rates and formula guidance for young people for the 2024 to 2025 academic year. We have removed the 2021 to 2022 rates and formula guidance.
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We have updated this page to show all the changes for 2023 to 2024 due to the extra funding announced in July. You can see all the changes in our what's new section.
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We've added the 'Funding guidance for young people 2023 to 2024 rates and formula' documents and removed the 'Funding guidance for young people 2020 to 2021 rates and formula' and 'Funding guidance for young people 2019 to 2020 rates and formula' documents from this page. We have included a link to The National Archives so users can review the guidance for previous years.
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Updated to include the 2022 to 2023 funding guidance for young people: rates and formula
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We have added a section on work experience core aims to the 2021 to 2022 rates and formula guidance.
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Funding rates and formula for 2021 to 2022 has been added.
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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
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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
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We have added the funding rates and formula guidance for the academic year 2020 to 2021.
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The page has been updated for the 2019 to 2020 academic year.
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The supporting presentation for the 2018 to 2019 Funding rates and formula guidance has been added.
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The guidance for 2018 to 2019 funding rates and formula have been added.
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Funding rates and forumula 2017 to 2018 presentation has been added to the page.
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The funding rates and formula for 2017 to 2018 has been added.
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Funding guidance for young people 2016 to 2017 rates and forumula has now been added
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First published.