Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 14, 2025

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.