A new body will be responsible for both education and skills funding, following a merger of the Education Funding Agency and the Skills Funding Agency.
The single organisation, which will be called the Education and Skills Funding Agency, will officially begin joint operations in April.
The agency will oversee:
- Funding education for pupils aged 5 to 16;
- education and training for those aged 16 to 19;
- apprenticeships and adult education;
- and managing school-building programmes.
Secretary of State for Education Justine Greening said: “Creating the Education and Skills Funding Agency will mean we are able to provide a more joined-up approach to funding and regulation of schools, colleges and other providers, with improved accountability and better service. We will be working closely with our staff, unions, stakeholders and the education sector to finalise and deliver our plans for the new agency.”