Skills Funding Agency invests £4 billion per year of public spending in colleges and training organisations, to fund training for adults in England. The skills training we fund enables people to do their jobs better, get new jobs, or progress in their careers.
They work to an annual budget, targets and priorities set by the Department for Business, Innovation and Skills. They work at a ‘short arm’s length’ from the Department for Business, Innovation and Skills, allowing a fast and effective response to policy, while reinforcing the autonomy of the Further Education sector.
Skills Funding Agency’s mission is to ensure that people and businesses can access the skills training they need to succeed in playing their part in society and in growing England’s economy.
Skills Funding Agency allocates funding to colleges and other skills and training organisations who have discretion over expenditure to meet the needs of local businesses and communities.