The national funding rate for 16-18 year olds will be 2.3 per cent higher than planned following the education secretary’s announcement of a £185 million cash injection for academic year 2023-24.
Details published late last week outline how programme cost weightings and disadvantage funding will rise alongside the base rate.
The Department for Education (DfE) announced it will be increasing the national funding rate for students aged 16 and 17, and students aged 18 and over with high needs in band 5, by injecting £111 more per student to colleges and other 16-19 providers.
The new base rate of £4,753 per learner, is a much-needed funding rise, college leaders say.
