The Association of Colleges (AoC) said investing in post-16 education now will help young people develop skills to find jobs when the economy picks up again.
Recent figures from the Office for National Statistics show that the number of 16 to 24-year-olds in employment dropped 174,000 over the last quarter to a record low of 3.52 million.
Latest figures from the AoC show that around 20,000 unfunded students are studying in colleges this year, while, nearly two-thirds (62 per cent) of colleges have seen an increase in 16- to 18-year-olds enrolling.
This year’s increase in college funding for 16- to 18-year-olds stands at around £225m, however this has been absorbed by the additional costs of Covid-19 including buying PPE, cleaning, technology, transport and extra staffing, the AoC states.
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