Skills Minister Acknowledges £63M AEB Underspend

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In answer to a question from the chair of the Commons treasury sub-committee, who asked what estimate had been “made of the underspend against the AEB in the academic year 2016/17”, Anne Milton confirmed that “The underspend against the mainstream participation element of the AEB for the 2016 to 2017 academic year was £63 million ……less than five per cent of the total contracted value”. AELP believe the figure is more than this and the information will be frustrating for those providers who have struggled to acquire sufficient contract capacity. Click here for more.