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Update to 2014/15 academy funding

Update to 2014/15 academy funding. February 2014. Funding updates. Prior Attainment SEN LACSEG Education Services Grant Academy allocation protection Pre and post 16 allocations Payment profiles Insurance. Primary prior attainment factor.

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Update to 2014/15 academy funding

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  1. Update to 2014/15 academy funding February 2014

  2. Funding updates • Prior Attainment • SEN LACSEG • Education Services Grant • Academy allocation protection • Pre and post 16 allocations • Payment profiles • Insurance

  3. Primary prior attainment factor • Revised measurement means more Yr 1 pupils attract funding – as an aggregated measure is used – this is skewing the overall proportion • Separate measures: • Yr 1 – proportion not making ‘good development’ • Yr 2- Yr 5– proportion reaching 73/78 in EYFP • LAs can apply scaling to the proportion of Year 1 pupils receiving funding under this factor • Details shown in your 14/15 Funding Allocation Pack

  4. SEN LACSEG adjustment (1) • Only affects academies open before 1 April 2013 • LAs have a duty to provide SEN services to all academies and maintained schools on the same basis • This means that both academies and local authorities have been funded for the same set of services • This has resulted in academies receiving funding for SEN provision that has already been paid to LAs to provide those services • This SEN block funding was included in your baseline when calculating your MFG for 2013/14 • We will adjust for this overpayment in your 2014/15 allocation

  5. SEN – LACSEG adjustment (2) • Identified this double funding in the 2012/13 baseline: • 50% to be deducted in 2014/15 • 50% to be deducted in 2015/16 • Details of the adjustment will be shown in your 2014/15 Funding Allocation Pack • Protected within new overall allocation protection (separate from MFG)

  6. Education Services Grant (ESG) • ESG rate for 14/15: • £140 per pupil in mainstream setting • £575 Special Academies • £525 Alternative Provision • No dedicated ESG protection - now included in overall allocation protection

  7. Academy allocation protection • Simple per pupil protection resulting from the reduction to academy funding caused by: • Double funding of SEN LACSEG • Reduction in ESG rate • Removal of ESG protection • An academy protection will be payable where the 14/15 allocation reduction as a proportion of the 13/14 allocation is greater than -1% • It applies to all academies (inc special academies and alternative provision), free schools, UTC and studio schools • This is shown in your funding allocation pack

  8. Academy allocation protection 13/14 14/15 All post-16 allocation All post-16 allocation GAG GAG MFG operates GAG to GAG A Insurance 50% SEN LACSEG D = B - C SEN LACSEG ESG at £140 and protection goes ESG protection B C ESG at £150 Protection = loss at D cannot exceed 1% of A on a per pupil basis.

  9. Payment profiles • From September 2014 the payment profile for academies will be revised • Currently academies are paid on a front-loaded basis with a higher percentage of their annual GAG funding paid in September • The revised payment profile will distribute GAG funding to academies in equal instalments throughout the year

  10. Pre and Post 16 allocations • Academies with sixth forms will have allocations with confirmed pupil numbers sent with their pre 16 allocation • Post 16 statement have been sent out separately without funding amounts • Once post 16 funding allocations are available we will send a complete allocation, with pre and post 16

  11. More information • Funding allocation pack guidance • Online presentations • Podcasts • Enquiries: academy.questions@education.gsi.gov.uk

  12. Insurance 13/14 – a recap All academies Top up where applicable

  13. New insurance scheme • New voluntary academy insurance scheme from September 2014 • Brings value for money by reducing the cost of insurance premiums to academies • Open to all academies, free schools, UTCs and studio schools

  14. New insurance scheme (2) • Removal of £20 additional insurance payment for all academies • For those participating in the scheme the cost of £25 per pupil is deducted from your allocation • Further details of the scheme will follow

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