Decision details

School Funding Formula and Budget Setting 2021/22

Decision Maker: Cabinet Member for Children's Services, Education and Lifelong Skills (archived 9/10/23)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Option 1) - to approve the 2021/22 school funding formula and wider Dedicated Schools Grant budget allocations detailed in appendix A and B.

Reasons for the decision:

The Department for Education (DfE) publishes annual changes to school funding arrangements. There have been minor amendments to the national funding formula which allocates funding to the local authority, with a local formula continuing to be used to allocate funding to individual schools. The local authority must set the formula annually, alongside the wider Dedicated Schools Grant (DSG) budget.

The school funding formula is set following significant consultation with the Isle of Wight schools’ community directly and through its consultative group the Schools’ Forum over a period of months while detailed guidance and procedures are released by the DfE. The recommended option is in line with government intentions for a clear transparent school funding formula robustly evidenced DSG budget for 2021/22.

 

Alternative options considered:

Option 2) to require further formula options and alternative schools grant budgets to be developed, requiring a further period of consultation to be carried out with schools.

 

Representations Received:

None

Additional advice received:

None

Publication date: 29/01/2021

Date of decision: 29/01/2021

Effective from: 06/02/2021

Accompanying Documents: