Annal Nayyar provides an update on -When can you expect payment for FRS17 statement submission? How much will it be?

The grant payable is set at an average cost of £1500 for those obtaining their first FRS17 valuation and £700 for those obtaining valuations for subsequent years.

There is no requirement to submit an invoice to the Education Funding Agency (EFA), as the amount payable is set as above. The EFA will make payment when the FRS17 statements have been received.

The first block of payments were made in January and another set of payments will be made in February.

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