The ASF represents a restructuring of the AEB, with changes in the funding rules and eligibility criteria. The new approach is more streamlined to align with government priorities for adult education, particularly focusing on upskilling and reskilling adults to meet labour market demands.

Eligibility rules emphasise the residency status of learners more strictly, ensuring that funding is targeted to those residing in non-devolved areas of England. This change shows a clearer distinction between the responsibilities of devolved authorities and the central government.

The ASF supports specific adult learning programs and places a greater emphasis on funding initiatives that provide value for money and contribute to economic objectives, such as employability and job readiness. Some programs funded under the AEB, particularly those tied to European Social Fund projects, may not be covered under ASF unless specified.

Providers must comply with new ASF-specific funding regulations, including guidelines for fund acquisition and supervision. For example, there are strict regulations regarding exceeding or falling short of allocated funds, ensuring enhanced financial supervision and answerability.