On Monday, the Department for Education (DfE) issued the long-awaited consultation into the future of school funding. The DfE is consulting on the funding for schools and also high needs funding (i.e. funding for children and young people with special needs). A further consultation on Early Years funding will follow later. This phase of the consultation about funding for schools covers the high-level principles of what factors should be taken into account in a new national formula. A second consultation will follow which will include the details of how the various factors will be weighted along with indicative figures.
The DfE’s intention is to distribute funding, as it is now, for the financial years 2017-18 and 2018-19 via local authorities. Local authorities will receive funding for schools and distribute via their local formula. From 2019-20 the DfE will become responsible for calculating and distributing funding for mainstream schools.
Those governors that attened the Kirklees Governor Briefing on Monday evening were given an overview by David Gearing, School Finance Delegation Manager,of what is being proposed and governors present had the opportunity to ask questions. We hope to invite David back to the next Governor briefing ( Monday, 13th June 2016) to report on any post consultation updates. Please remember to note this date in yur diary!!
Remember : The consultation closes on 17th April and we would strongly encourage all schools to submit their own responses.