Peter Kyle – 2015 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Peter Kyle on 2015-11-25.
To ask the Secretary of State for Business, Innovation and Skills, with reference to the Spending Review 2015, what savings and efficiencies he will make from the adult skills budget by 2019-20; and if he will make a statement.
Nick Boles
My Rt hon Friend the Chancellor of the Exchequer published the results of the Spending Review on 25th November. This is a good settlement for FE. Between 2010-11 and 2019-20 government will have doubled spending on apprenticeships in cash terms to £2.5 billion, including income from the new apprenticeship levy and protecting funding for the core adult skills participation budgets in cash terms, at £1.5 billion
The Government will make £362 million of savings and efficiencies from adult skills funding by 2019-20. We are prioritising funding for participation, with savings being made from supporting budgets. We are also restructuring the sector through locally-led Area Reviews to provide sustainable and high quality provision in the future.