School Funding Consultation 2023-24

Overview

The consultation concerns proposed changes to the Essex Formula for Financing Schools (the Essex local formula) for the financial / academic year 2023/24.

The consultation is for all primary and secondary schools, both maintained and academies. The Essex local formula 2023/24 will calculate budget allocations for maintained schools between April 2023 and March 2024 and academies between September 2023 and August 2024.

Each individual schools’ allocation under the current formula and proposed changes is included in Annex A.

Why your views matter

We are seeking views on two changes to the Essex local formula required in preparation for the proposed implementation of the Direct National Funding Formula by 2027/28 at the latest.

Only one response from each school is allowed.

What happens next

The results of this consultation will be taken to the Finance Review Group who will review the response and formulate their recommendations to Schools Forum. Schools Forum will vote on the Finance Review Group's recommendation on 30th November 2022.