Newsletter – Funding Update

Newsletter – Funding Update

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Money talks.
Funding news and updates

Welcome to our monthly funding newsletter, where we’ll update you on the latest news, policy and opportunities in the world of funding.

Funding news

Chancellor announcement – £400 million investment for 16-19 providers In late August, the Chancellor announced £400 million in additional funding for providers of 16 to 19 education in England. Find out more from our quick summary video.

Funding policy updates

ESFA adult education budget (AEB) funding and performance management rules 2019 to 2020 This week the ESFA has published the AEB funding and performance management rules 2019-20. The rules apply to all providers of education and training who receive AEB funding from the ESFA.
19-24 traineeship allocation for the 2019 to 2020 funding year.

Providers can request a maximum allocation of £25,000 for 19-24 traineeships if they had an AEB contract for the 2018-19 funding year and haven’t been issued with a 19-24 traineeships allocation because they have not delivered traineeships historically.

Requests must be submitted using the ESFA online form by Friday 6 December 2019.