ESFA have published version 2 of the adult education budget (AEB) funding rates and formula guide for 2023 to 2024.The document sets out how they will fund activity for ESFA funded AEB and continuing 16 to 18 traineeships. In this version, they have described:
- a change of rate to £336 for digital functional skills qualifications.
- how they fund learning through the new AEB procurement that has taken place.
- how they are integrating traineeship provision into the AEB for new learning starting from 1 August 2023.
- a change to the procured and non-procured version of the “National Skills Fund” funding line types to “NSF Free Courses for Jobs” funding line types.
This guide covers delivery starting in the 2023 to 2024 funding year. They may publish further updates through the course of the year and they will tell you about any changes in ESFA Update.