Here, we are trying to make sense of what the £600 will mean to schools/colleges. It’s a bit like doing a Core maths problem.
Core Maths qualifications come with 180 Guided Learning Hours attached (this is the same as an AS-level).
So: £600 divided by 180 hours per student = £3.33 per student per hour
The standard funding formula is £4,000 per student per year
Each student is expected to have 600 GLH
So £4,000 divided over those 600 GLH = £6.66 per student per hour
Is it a coincidence that the money pledged in the budget for additional level 3 students works out at exactly half the standard rate of funding?
will this be enough to encourage institutions to start doing Core maths, or to increase their existing provision?