Insurance 2013-14

The £25 which we estimate to be included in the school budget share is the average amount included in local formulae for insurance in 2011-12 and 2012-13, for those local authorities where an amount for insurance is identifiable.

Under the new simplified formulae in 2013-14, as you know, insurance will not be identified as a separate element. Local authorities will, however, still be funding their maintained schools for insurance in some form and will be delegating it through one or more of the allowable factors, e.g. Basic Entitlement. There will be variation between local authorities in the precise amount which is delegated for insurance. It is open to Academies to ask their relevant local authority how much has been included for insurance. In some cases, however, this amount may no longer be separately identifiable by the local authority.

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