The government has announced an increase to 16-19 funding of £400 million for 2020-21. This is the biggest injection of new money into 16-19 education in a single year since 2010, with funding increasing faster for 16-19 than in 5-16 schooling. This will ensure that we are building the skills that our country needs to thrive in the future. The base rate of funding for 16 and 17 year olds in full-time education for the academic year 2019/20 is £4,000. This will increase by 4.7% in the academic year 2020/21 to £4,188. The base rate for subsequent years will be dependent on the outcomes of the next Spending Review.