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Funding for new academies opening from 1 April 2015

Funding for new academies opening from 1 April 2015. Duncan Bell. How is the General Annual Grant (GAG) put together?. Education Services Grant. School Budget Share. Minimum Funding Guarantee (if payable). Sixth-form funding. Post Opening Grant (if applicable). GAG.

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Funding for new academies opening from 1 April 2015

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  1. Funding for new academies opening from 1 April 2015 Duncan Bell

  2. How is the General Annual Grant (GAG) put together? • Education Services Grant • School Budget Share • Minimum Funding Guarantee (if payable) • Sixth-form funding • Post Opening Grant (if applicable) • GAG • Paid outside of the GAG: • Early years funding • Capital • Pupil Premium • High needs top-up

  3. Inputs to the funding calculation Census returns LA formula Allocation Other datasets New provision Estimated pupil numbers Allocation LA Average pup. chars

  4. High needs funding • Mainstream academies to meet the first £10,000 of cost through AWPU and Notional SEN • Funding for special and alternative provision (AP) academies is for the number of agreed places: • Special places funded at £10,000 per agreed place • AP places funded at an increased rate of £10,000 per place in 2015 to 2016, subject to consultation • 2014 to 2015 place numbers used as the basis for 2015 to 2016 • Top-up paid by Local Authorities (LAs) for additional costs • Education Services Grant (ESG) paid at £595 per special place and £525 per AP place

  5. Funding for new academies opening from 1 April 2015 Month of opening: April 2015 to August 2015 September 2015 to March 2016 2015 to 2016 Financial Year LA funding formula Pre-16 SBS 2014 to 2015 Academic Year 2015 to 2016 Academic Year ESG 2014 to 2015 Academic Year 2015 to 2016 Academic Year Sixth form funding 2014 to 2015 Academic Year 2015 to 2016 Academic Year High needs

  6. Example: An academy with a LA maintained predecessor school opening in June 2015 April 2015 to May 2015 June 2015 to August 2015 September 2015 to August 2016 2015 to 2016 FY LA funding formula Pre-16 SBS No ESG for maint’d schools 2014 to 2015 AY 2015 to 2016 AY ESG Sixth form funding 2014 to 2015 AY 2015 to 2016 AY High needs place funding 2014 to 2015 AY 2015 to 2016 AY Paid by the LA Paid by the EFA

  7. Funding information schedule *Reminder FAP not issued as draft FAP issued close to opening. **The schedule for free schools, studio schools, UTCs and new provision opening in September 2015 will be confirmed in early 2015.

  8. Take part in our webinars • Register online • Available to view after broadcast

  9. More information • Two interactive webinars • Topic specific presentations with slide sets • Guidance to support the allocations • Subscribe to the EFA e-bulletin • Information for new academies opening before 1 April 2015 • Academy enquiry service: academy.questions@education.gsi.gov.uk

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