MFG – 2013/14 and Beyond

Annal Nayyar has come across funding information   on the DFE website which school finance staff will find interesting, some of you may already be aware  of it:-

Sarah Healey, Director of Education Funding Group at the Department for Education, wrote to all Directors of Children’s Services on Friday 12 October 2012 to provide clarification and reassurance about the school funding arrangements in 2013-14.

The letter confirms that the Department will review these arrangements and will make further changes in 2014-15 if it finds that the long term consequences for schools are unacceptable.

The letter also confirms that the Minimum Funding Guarantee (MFG) will continue to apply at -1.5 per cent per pupil in 2013-14 and 2014-15. To address the concerns that some schools and authorities have raised about a potential ‘cliff-edge’ in funding from 2014-15, the letter gives reassurance that an MFG will continue beyond 2014-15. As this falls in the next spending review period, we are unable to confirm the value of that MFG.

The Department hopes that this letter provides local authorities, schools, teachers and governors with reassurance that the reform to the school funding system will be introduced very carefully and, as the Secretary of State promised in March 2012, at a pace which is manageable.

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