House of Commons · Written Ministerial Statement
Further Education Update
29 November 2022 · Department for Education
Proposed by Robert Halfon Con Harlow
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Office for National Statistics has reclassified further education institutions as part of the central government sector.
- An additional 150m in capital funding will be invested to improve college estates.
- 300 million in payments will be brought forward to smooth out funding for the 2023-2024 financial year.
- A new College Financial Handbook will be developed and published in March 2024, effective from August 2024.
Issue summary
The Office for National Statistics (ONS) has reclassified further education institutions as part of the central government sector.
Action requested
To support and protect colleges, an additional £150m in capital funding will be invested to improve college estates. The Department will also address uneven monthly payments by bringing forward £300 million in payments to smooth out funding for the 2023-2024 financial year. A new College Financial Handbook will be developed and published in March 2024, effective from August 2024.
Key facts
- The ONS has reclassified further education institutions as part of the central government sector.
- £150m of capital funding will be invested to improve college estates.
- £300 million will address uneven monthly payments and smooth out funding for the 2023-2024 financial year.
- A new College Financial Handbook will be developed and published in March 2024, effective from August 2024.