Decision details

The Cabinet will be provided with an update on the school funding position in the light of the new funding regime and asked to approve the school funding formula for 2022/23.

Cabinet resolved to:

(i)  Note the update on the latest Education Funding Changes and, in particular, the move towards a fixed National Funding Formula;

(ii)  Note the indicative allocation of Dedicated Schools Grant for 2022/23 as set out in section 3 of the report;

(iii)  Approve the 2022/23 strategy for the Schools Block as set out in section 4 of the report;

(iv)  Approve, subject to consultation with schools and (vi) below, the proposed principles for the design of the Local Schools Funding Formula as set out in section 4 of the report;

(v)  Note the allocated funding and strategy for the High Needs Block as set out in section 5 of the report;

(vi)  Note the allocated funding and strategy for the Central Services Block as set out in section 6 of the report; and

(vii)  Delegate authority to the Strategic Director, Children and Adults, in consultation with the Finance Director, Schools Forum and the Cabinet Member for Educational Attainment and School Improvement, to approve the final 2022/23 school funding formula for submission to the Education and Schools Funding Agency.