Early Years Funding Reform - Briefing on the National Formula
To receive a presentation by Lorraine Butcher
Minutes:
Fintan Bradley gave a presentation on the Funding Formula Working Group which was set up in January 2010. The working group consisted of Council officers and education partners and had been set up to review the current schools funding formula and to bring forward proposals for change that:
The group had been developing models to simplify the local funding formula to see what the effect that each of the models would have on school funding. It had been concluded that each model would affect the same small number of schools by reducing funding.
The Council had recently received a new consultation document from the Department for Education (DFE) which had indicated that for the new financial year, DSG would remain at existing levels. The Government was proposing to put in place a ‘Pupil premium’ in order to target those pupils perceived to being left behind in deprived areas. This premium would be additional to the DSG and would be ring-fenced at a high level, but would give individual schools freedom to use the funds flexibly.
It was not yet clear however, what the total grant made available to Local authorities would be.
RRSOLVED – That the presentation be received and noted.