Provider cuts averaging up to 15pc expected this week
Providers were expected to be hit with adult skills budget cuts this week at an average of between 10 and 15 per cent, the Association of Colleges (AoC) has warned.
Allocations are due out this week, providing the first indication of the impact of a 19 per cent two-year adult skills budget cut that was outlined in the skills funding statement released last month.
Members of the AoC have been briefed to expect cuts of between 10 and 15 per cent, but it declined to comment.
With 19+ apprenticeships funding protected, it is thought the residual adult skills funding cut will be closer to 20 per cent.
In an update issued last week, the Skills Funding Agency said: “You will now receive your funding statement for the adult skills budget and 24+ advanced learning loans early next week.
“We will reissue the funding statement with any other allocations you receive by the end of March.”