1 / 14

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.

wolfe
Download Presentation

Update to 2014/15 academy funding

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related