As of 1 March, local authorities are eligible to apply for the 16-19 Demographic Growth Capital Fund (DGCF) for 2013-15 and should note that the Education Funding Agency (EFA) has said that it does not plan to have a further round in 2014-15.
The purpose of the DGCF is to support the cost of additional places needed by young people 16 to 19 years of age as a result of increases in population and/or participation and by young people 16 to 25 years of age who have learning difficulties and/or disabilities.
The EFA is now asking local authorities to submit applications on the behalf of eligible institutions and said in an update last week that the total budget for the two-year period 2013-15 is £80m.
The Agency added that allocations for the 16-19 DGCF 2012-13 and Sixth-form College Capital Expansion Fund (SFC CEF) 2012-13 have been finalised and that providers have been informed of the outcome.
It went on to say that because the capital funds are needs-led, the Agency assessed proposals carefully to ensure that the DGCF allocations will meet the need for additional places arising from local population growth, increasing participation and/or increasing local provision for learners with learning difficulties and/or disabilities. It said that CEF allocations will alleviate space pressures in the sixth-form colleges.
According to the update, 69 providers received DGCF allocations totalling £38.7 million, with allocations going to 41 colleges, 17 maintained schools, 8 academies and 3 independent specialist providers. In addition, eight sixth-form colleges received CEF funding totalling £4 million.
DGCF information on the application process, including details on eligibility and the application form can be downloaded from the EFA website. The deadline for submitting applications is Tuesday 30 April 2013.
As an accountant, Gill Freeman specialises within academy finances and charity tax.