A one-year cash boost is to be offered to colleges and providers set to lose £20,000 under changes to a maths premium aimed at encouraging take-up of the subject beyond the age of 16.
Changes to the advanced maths premium baseline being introduced for the 2023/24 academic year will mean some post-16 providers will not secure as much funding as they have in previous years.
But the Education and Skills Funding Agency in its weekly update has confirmed that those institutions that will lose £20,000 or more will be given additional temporary funding for one year only. The top-up will bring the premium funding up to the same amount they have received in the current year’s allocation, 2022/23.
The ESFA said that providers in scope have already been contacted directly, and will receive their amended allocation later in the summer.
