We are investing an extra £400 million in 16 to 19 education next year to ensure that we are building the skills that our country needs. We will increase the base rate of funding by 4.7%, from £4,000 to £4,188 for the academic year 2020/21. Over and above the base rate rise, this extra spending also includes new resources for high value and high cost courses and funding to support those on level 3 programmes to continue to study English and maths where needed.
This is the biggest injection of new money into 16 to 19 education in a single year since 2010 - with funding increasing faster for 16 to 19 than in 5 to 16 schooling – and will mean a significant increase in the average level of funding per student. We will of course continue to look at the needs of 16 to 19 education in future Spending Reviews.