Decision

a)    Noted the Department for Education's proposed changes to school revenue funding arrangements for 2025-26, as set out in this report.

b)    Approved the proposals for implementing the local funding formula arrangements as set out in this report to:

·       Implement the National Funding Formula rates for both primary and secondary schools in 2025-26 as set out in Appendix 1.

·       Implement a minimum funding guarantee (MFG) at the top of the range published by the DfE, subject to affordability, for 2025-26 as set out in paragraph 5.19.

·       The methods of managing affordability as set out in paragraphs 5.21 to 5.24 of the report.

c)    Endorsed the Growth Fund values set out in paragraph 5.11 and the criteria as set out in Appendix 2 and the proposed revision in paragraph 5.13 of the report.

d)    Noted the de-delegation of funding to support the Education Functions as set out in Section 7 of the report.