The School Finance (England) Regulations 2008

Primary and Secondary Schools

2.  Subject to paragraphs 3 and 4, the guaranteed funding level is to be calculated as follows—

(a) for funding period 1—

(i) where the relevant number of pupils is the same as the relevant number for the financial year beginning on 1st April 2007, the guaranteed funding level must be A,

(ii) where the relevant number of pupils is lower than the relevant number for the financial year beginning on 1st April 2007, the guaranteed funding level must be A - (B x C),

(iii) where the relevant number of pupils is higher than the relevant number for the financial year beginning on 1st April 2007, the guaranteed funding level must be A + (B x C);

(b) for funding period 2—

(i) where the relevant number of pupils is the same as the relevant number for funding period 1, the guaranteed funding level must be A,

(ii) where the relevant number of pupils is lower than the relevant number for funding period 1, the guaranteed funding level must be A - (B x C),

(iii) where the relevant number of pupils is higher than the relevant number for funding period 1, the guaranteed funding level must be A + (B x C);

(c) for funding period 3—

(i) where the relevant number of pupils is the same as the relevant number for funding period 2, the guaranteed funding level must be A,

(ii) where the relevant number of pupils is lower than the relevant number for funding period 2, the guaranteed funding level must be A - (B x C),

(iii) where the relevant number of pupils is higher than the relevant number for funding period 2, the guaranteed funding level must be A + (B x C)

where—

A is, in respect of funding period 1, the redetermined adjusted budget share for the financial year beginning on 1st April 2007 multiplied by 1.021 in respect of primary schools and secondary schools, in respect of funding period 2, the redetermined adjusted budget share for funding period 1 multiplied by 1.021 in respect of primary schools and secondary schools, and, in respect of funding period 3, the redetermined adjusted budget share for funding period 2 multiplied by 1.021 in respect of primary schools and secondary schools;

• B is, in respect of funding period 1, the difference between the relevant number of pupils for the financial year beginning on 1st April 2007 and funding period 1, in respect of funding period 2, the difference between the relevant number of pupils for funding period 1 and funding period 2, and, in respect of funding period 3, the difference between the relevant number of pupils for funding period 2 and funding period 3;

• C is, in respect of funding period 1, the mean value of funding per pupil in the school’s redetermined adjusted budget share for the financial year beginning on 1st April 2007 (calculated using pupil numbers on 18th January 2007) multiplied by 1.021 x 0.80 in respect of primary schools and by 1.021 x 0.875 in respect of secondary schools; in respect of funding period 2, the mean value of funding per pupil in the school’s redetermined adjusted budget share for funding period 1 (calculated using pupil numbers on 17th January 2008) multiplied by 1.021 x 0.80 in respect of primary schools and by 1.021 x 0.875 in respect of secondary schools; and in respect of funding period 3, the mean value of funding per pupil in the school’s adjusted budget share for funding period 2 (calculated using pupil numbers on 15th January 2009) multiplied by 1.021 x 0.80 in respect of primary schools and by 1.021 x 0.875 in respect of secondary schools.