Multi-academy Trusts: Finance

(asked on 17th July 2023) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what funding was allocated to multi-academy trusts through the National Funding Formula in the 2022-23 academic year


Answered by
Nick Gibb Portrait
Nick Gibb
This question was answered on 24th July 2023

The Government is committed to providing a world class education system for all pupils and has provided significant funding to achieve that.

The National Funding Formula (NFF) allocates funding to Local Authorities on a financial year basis. Through the 2022/23 schools NFF, Local Authorities were notionally allocated £40.1 billion in funding. This included funding for both academies and maintained mainstream schools. Out of this £40.1 billion, £22.8 billion was allocated by reference to academies. In making allocations, the NFF does not distinguish between academies and maintained schools, and the proportion of the total funding allocated by reference to academies was therefore determined by the number and characteristics of the pupils who attend academies.

Alongside the schools NFF, Local Authorities were also allocated £9 billion for high needs. Local Authorities use their high needs funding to provide the costs of special schools, both academy and maintained special schools, and the costs of special educational needs top up funding to mainstream schools, both academy and maintained.

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