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 2022/23 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 2022/23 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 be