National Funding Formula for schools – Update July 2018

National Funding Formula for schools – Update July 2018

Consultant: Steve BarkerDate posted: August 2018

The Department for Education published updated information on the national funding formulae for schools and high needs, detailing the arrangements for 2019-20. The updated guidance also confirms that Local Authorities will continue to set their own local formulae for 2020-21 rather than cease in 2019-20 as was originally intended.

 

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The Department for Education, through the Education and Skills Funding Agency, has introduced new statutory requirements for academy trusts over related party transactions. These new requirements came into force on 1st April 2019 and apply to all new transactions from that date. It is essential that trustees are aware of these new requirements and seek assurances from their trust that it is fully compliant. To read this article in full, log into your |Better Governor account or simply register, for free, by clicking the orange button.