PARLIAMENTARY WRITTEN QUESTION
Adult Education: Finance (28 October 2024)
Question Asked
Asked by:
Jo White (Labour)
Answer
The budget and the actual spending of the Education and Skills Funding Agency (ESFA) element of the Adult Education Budget from 2018/19 to 2023/24 financial year is set out in the table below. Funding to providers is allocated on an academic year and underspends are based on a financial year basis; therefore, underspends in a financial year predominantly reflect provider delivery in the preceding academic year (i.e. 2018/19 academic year is reflected in 2019/20 financial year).
The ESFA allocates grant funding to providers. Providers who underdeliver on their allocations by more than 3% will have their funding recovered through a reconciliation process (allowing providers who can over deliver to grow their allocation by up to 10%).
| Budget | Underspend |
2018/2019 | £1,347,300,000 | £3,125,005 |
|
| |
2019/2020 | £904,829,000 | -£2,710,548 |
|
| |
2020/2021 | £742,706,000 | £56,090,670 |
|
| |
2021/2022 | £701,527,000 | £115,118,943 |
|
| |
2022/2023 | £633,659,000 | £80,083,526 |
|
| |
2023/2024 | £572,004,000 | £43,192,844 |
Answered by:
Janet Daby (Labour)
5 November 2024
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