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Colleges, providers, schools and academies receive annual funding allocations from the Education Funding Agency (EFA) for provision of 16 to 19 education. Information on the procedures involved in allocating funding can be found on the 16 to 19 funding allocations page.
Funding is calculated using our funding formula that incorporates factors including student numbers, student retention, higher cost subjects, disadvantaged students and area costs. This is supplemented by additional funding for high needs students, bursaries and other financial support awarded to individual students and, currently, transitional protection and formula protection funding (FPF) to take into account changes from previous funding arrangements.
On the next page is a set of guidance documents that all post-16 education institutions that receive EFA formula funding should comply with.
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Colleges, providers, schools and academies receive annual funding allocations from the Education Funding Agency (EFA).
The funding formula that the Education Funding Agency (EFA) uses to calculate funding for institutions.