QuickRead: Funding in maintained schools
Save time with our 1-page summary of how maintained schools are funded and your role in overseeing finance in your school. Download a copy to share with your colleagues.
How is my school funded?
The Department for Education (DfE) uses the national funding formula (NFF) to work out how much funding your school is entitled to.
The DfE distributes this funding to your local authority (LA) and your LA then applies its own local funding formula, through which it allocates your school’s budget.
Note: the government is in the process of moving to a ‘hard’ NFF. This will mean your school’s budget allocation won’t run through your LA’s local funding formula. Instead, it will be decided by the central government. There's no confirmed timeframe for when the ‘hard’ NFF will be fully in place.
That’s not all...
You also get funding through other streams, such as:
- The pupil premium
- The school-led tutoring grant
- The PE and sport premium (primary only)
- Early years funding
- Universal infant free school meals (UIFSM)
- High-needs top-up funding for mainstream schools
- Capital funding
Find out more details here.