Post-16 funding in 2023/24

Find out how sixth forms are funded in the 2023/24 academic year under the current funding formula. You'll also find information about the 16 to 19 bursary fund.

Last reviewed on 9 May 2023
See updates
School types: All · School phases: 16 Plus
Ref: 8526
  1. Summary of the formula
  2. Programme funding
  3. 16 to 19 bursary fund 
  4. Free school meals (FSM)

Summary of the formula

The formula used to calculate your core funding is:

(Student numbers x national funding rate per student x retention factor x programme cost weighting + level 3 programme maths and English payment + disadvantage funding + large programme uplift) x area cost uplift  

This is explained in the guidance on post-16 funding for 2023/24 from the Education and Skills Funding Agency (ESFA).

Core elements  The information below is based on the sections of the ESFA's guidance on programme funding for the 2023/24 academic year. Student numbers  This number is lagged, which means your student numbers are based on the number of young people you had in the previous academic year. For sixth forms and most academies, this will be the number of funded students captured in your autumn census. However, if there's a material change to your provision (e.g. exceptional in-year growth), you can be removed from this lagged approach and instead your numbers will