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Spending review 2021: What the chancellor announced for FE and skills

Chancellor Rishi Sunak delivered his spending review and autumn budget and confirmed a number of investments for the FE and skills sector.

He promised that “total spending on skills will increase over the parliament by £3.8 billion by 2024-25, equivalent to a cash increase of 42 per cent (26 per cent in real terms) compared to 2019-20”.

However, the accompanying red book fails to provide clarity about how much of this funding is brand new money. Much of it appears to be a rehash of funding that was already allocated.

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By | 2021-10-28T12:45:16+00:00 October 28th, 2021|News UK|Comments Off on Spending review 2021: What the chancellor announced for FE and skills