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The Further Education Funding Council's New Funding Methodology

journal contribution
posted on 2023-06-07, 23:21 authored by Michael Barrow
This paper describes and evaluates the new funding methodology in further education, introduced in 1993 by the Further Education Funding Council (FEFC) when it took over control of the further education sector from local authorities. The methodology provides colleges with incentives to expand, to lower unit costs and also aims at reducing inequalities in funding between colleges. This paper examines, in particular, the way colleges have responded to the incentives and, hence, whether the objectives of the FEFC have been achieved.

History

Publication status

  • Published

Journal

Education Economics

ISSN

2047-1734

Publisher

Published by Carfax Publishing Ltd

Issue

2

Volume

5

Page range

135-151

ISBN

0964-5292

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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