The government’s response to the Skills for jobs consultation confirmed that ESFA funded Adult Skills Fund (ASF) will replace ESFA funded adult education budget (AEB). In January 2023 ESFA announced new ASF funding rates for starts from Thursday 1 August 2024. EFSA has now published version 1 of the ASF funding rates and formula for 2024 to 2025. This applies to all providers of education and training who receive ASF from ESFA. In this version they describe:
- the new funding rates
- how they calculate the funding you earn
If you have any queries after reading the guidance, contact them by marking your query for the attention of the 19+ calculations group.