In December, the ESFA published details on how 16 to 19 funding will work for academic year 2022 to 2023. It has confirmed that the national funding rate for band 5 16 and 17-year-olds, students aged 18 and over with high needs will increase to £4,542. The publication also confirms funding rates for T Levels and other students. It has also provided information on funding for disadvantage block 2, advanced maths premium, high-value courses premium, programme cost weightings, teachers’ pay grant and teachers’ pension employer contribution grant. The timeline for delivering allocations is available here.
