However, should an institution have any surplus funding that has previously been paid to them for vulnerable student bursaries, they should use this to pay discretionary bursaries
after 30 April 2015.
If an institution uses these unspent funds in this way and then identifies a new vulnerable student, they should make a claim for funding in the usual way, via the funding claim form. They would then put ‘0’ in the Recycled Funding column of the form.
The 16 to19 Bursary Fund guidance can be found at here