Decision details

The decision is to approve final funding rates for the 2024/25 mainstream schools funding formula, to be submitted to the Department for Education for approval by their deadline of 22 January 2024.  The funding rates have been changed since those considered by Cabinet, in order to ensure that they are affordable using the latest data, which had not been received from DfE at the date of the Cabinet meeting, and that they distribute the whole of the available grant (less the agreed transfer to high needs block), as required by legislation.  In particular, the number of children required to be funded in the formula for additional needs has increased. The accompanying annex provides further information.

Please note: the published funding formula and rates could be amended following review by DfE and hence should not yet be regarded as final.

Decision made:

It was AGREED that the proposed formula funding rates should be approved for submission to DfE, in line with the DfE’s national funding formula.

To comply with legislation and to allow maintained schools to be advised of their budget shares by the required deadline. The proposed funding rates are consistent with the recommendations of Cabinet and of the Schools Forum on 6 October 2023 and 9 January 2024

Please see papers for Schools Forum 3 October 2023 and 9 January 2024.  Alternative options were subject to consultation prior to the Cabinet meeting and at Schools Forum on 9 January 2024

None.