The new, single funding body will be called the Education and Skills Funding Agency.
It will be part of the Department for Education and start to operate from next month.
The new agency will continue to carry out the roles of the Education and Funding Agency and the Skills Funding Agency and consequently it will be responsible for:
Its responsibilities cover England only.
Education secretary 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.’
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