Purpose

The annual report to update Cabinet in
relation to the implementation of the Department for
Education’s National Funding Formula, and the transfer of
funding between the funding blocks and to seek delegated powers to
set the formula values in order to distribute the 2025/26 Dedicated
Schools Grant.

Content

RESOLVED that:-
 
(a
)     Cabinet approve the
proposals for the continuing implementation of the National Funding
Formula for 2025/26 as agreed previously, in line with the
recommendation of the Schools Forum meeting of 27 November
2024;
 
(b
)     Cabinet approve the
transfer of up to 1% funding from the Schools’ Block to the
High Needs Block, in line with recommendation of the Schools Forum
meeting of 27 November 2024.  Note any
amount above 0.5% will require the approval of the Secretary of
State for Education (SOS); and
 
(c
)     Cabinet approve the
delegation of the final formula values and transfer from the
Schools’ Block to the High Needs Block, to the Executive
Director for Children, Young People and Education in consultation
with  Cabinet Member for Inspiring Young
People in line with the principles previously agreed at Schools
Forum on 27th November 2024, once the final budget allocations are
released by the Department for Education in December
2024.