Funding 22: Scheme for Financing Schools
Posted on 21 January 2016 by Education Finance
Under Section 48 of the School Standards and Framework Act 1998, and Schedule 14 to the Act, the local authority is required to publish its scheme of financing schools setting out the relationship between itself and the schools it maintains.
The local authority is now consulting on revised guidance with all maintained schools from 20th January – 3rd February 2016.
The scheme has be revised based on information from the DfE in December 2015 and will be reviewed annually or when updates are necessary.
The guidance also refers to legislation under School and Early Years Finance (England) Regulations 2014
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