Update to 2014/15 academy fundingFebruary 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

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

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

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)

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

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

GAG

Academy allocation protection13/14 14/15

GAG

SEN LACSEG

ESG at £150

MFG operates GAG to GAG

A

B

Protection = loss at D cannot exceed 1% of A on a per pupil basis.

ESG protection

D = B - C

C

All post-16 allocation All post-16 allocation

Insurance50% SEN LACSEG

ESG at £140 and protection goes

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

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

More information

Funding allocation pack guidance

Online presentations

Podcasts

Enquiries:

academy.questions@education.gsi.gov.uk

Insurance 13/14 – a recap

Ave. £25 per pupil in basic

entitlement

Additional £20 per pupil

Application to EFA to cover the difference

INSURANCE

All academies Top up where applicable

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

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