Question
To ask the Secretary of State for Business, Innovation and Skills, with reference to the Chancellor of the Exchequer's announcement on reducing spending of 4 June 2015, if he will make it his policy to maintain the existing level of funding to further education colleges over the next five years.
The majority of the Department’s £450m savings will be delivered through known underspends and releasing unallocated funding. Officials in my department are working with the Skills Funding Agency to determine how Further Education savings can best be achieved in line with ministers’ priorities.
All spending decisions for 16-17 and beyond will be taken as part of the Spending Review, the timetable for which is yet to be finalised.