You can draw down funding for the core offer of a traineeship (English and maths, work preparation and work experience), but you can also be funded for other learning provision, described as the ‘flexible' element.
For 16-to 19-year-olds, all 4 elements are funded based on the Education Funding Agency funding rate for the planned hours for the programme. Students will normally be funded on a part-time band.
For 19- to 24-year-olds, the Skills Funding Agency funds English and maths at a set rate, and funds work experience and work experience at a single rate of £970. The flexible element attracts additional funding.
Here is a summary from Pearson of the traineeship funding rules for 16- to-19-year-olds and 19- to 24-year-olds.