National Funding Formula Consultation 2018/19

Overview

The Government has announced that a National Funding Formula  (NFF) for Schools will be introduced from April 2018. Whilst the Local Authority’s total Schools Block allocation will be calculated using the NFF, for the first 2 years the Local Authority will continue to distribute funding to schools through the ‘local formula’.

Sutton is an overall gainer from the NFF however whilst the total amount of money will increase, a key decision that the Local Authority needs to make, in consultation with schools and Schools Forum, is how to manage the transition from a local formula which is in place now to a national funding formula which will be in place by 2020/21.

The Local Authority is consulting on three options and would like to hear the views of all schools in the Borough on which option they think best manages this transition. 

What happens next

Feedback from this consultation will be summarised in a report that will be presented to Schools Forum on 6 December. The Local Authority will discuss the feedback received from schools before making a decision on what formula factors to submit to Government next year.