How will 2012/13 Pupil Premium be paid?

Academies who were open as at April 2012 will receive 100% of their Pupil Premium Grant from the Education Funding Agency (EFA). The two payments already made in July and September were made on the basis of an illustrative allocation using ‘ever 6’ data from the January 2011 census and £600/Free School Meals (FSM) and £250/Service child rates.

The recent announcement of an increase in the FSM rate from £600 to £623 will be dealt with as follows:

• The extra £23 per FSM will be backdated to April 2012
• The adjusted allocation (now taking ‘ever 6’ data from the January 2012 census as intended) will be calculated reflecting the new rate
• The previous payments will be taken off this new total and the remainder split between the payments due in December and March.

If an academy opens part way through the financial year as a proportion of the Pupil Premium is paid by the local authority to the maintained predecessor school. Academies that opened between May and September will have 5/12ths of their allocation paid by the local authority at £600 and 7/12ths by the EFA at £600 who will also pay 12/12ths of the extra £23 as above.

Academies that open between October and January will have 9/12ths of their allocation paid by the local authority at £623 and 3/12ths by the EFA at £623. Academies opening between February and March will have all of their allocation paid by the local authority.

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