1. Update to 2014/15 academy funding February 2014

2. Funding updates  Prior Attainment  SEN LACSEG  Education Services Grant  Academy allocation protection  Pre and post 16 allocations  Payment profiles  Insurance

3. Primary prior attainment factor  Revised measurement means more Yr 1 pupils attract funding – as an aggregated measure is used – this is skewing the overall proportion  Separate measures:  Yr 1 – proportion not making ‘good development’  Yr 2- Yr 5 – proportion reaching 73/78 in EYFP  LAs can apply scaling to the proportion of Year 1 pupils receiving funding under this factor  Details shown in your 14/15 Funding Allocation Pack

4. SEN LACSEG adjustment (1)  Only affects academies open before 1 April 2013  LAs have a duty to provide SEN services to all academies and maintained schools on the same basis  This means that both academies and local authorities have been funded for the same set of services  This has resulted in academies receiving funding for SEN provision that has already been paid to LAs to provide those services  This SEN block funding was included in your baseline when calculating your MFG for 2013/14  We will adjust for this overpayment in your 2014/15 allocation

5. SEN – LACSEG adjustment (2)  Identified this double funding in the 2012/13 baseline:  50% to be deducted in 2014/15  50% to be deducted in 2015/16  Details of the adjustment will be shown in your 2014/15 Funding Allocation Pack  Protected within new overall allocation protection (separate from MFG)

6. Education Services Grant (ESG)  ESG rate for 14/15:  £140 per pupil in mainstream setting  £575 Special Academies  £525 Alternative Provision  No dedicated ESG protection - now included in overall allocation protection

7. Academy allocation protection  Simple per pupil protection resulting from the reduction to academy funding caused by:  Double funding of SEN LACSEG  Reduction in ESG rate  Removal of ESG protection  An academy protection will be payable where the 14/15 allocation reduction as a proportion of the 13/14 allocation is greater than -1%  It applies to all academies (inc special academies and alternative provision), free schools, UTC and studio schools  This is shown in your funding allocation pack

8. GAG Academy allocation protection 13/1414/15 GAG SEN LACSEG ESG at £150 MFG operates GAG to GAG A B Protection = loss at D cannot exceed 1% of A on a per pupil basis. ESG protection D = B - C C All post-16 allocation Insurance 50% SEN LACSEG ESG at £140 and protection goes

9. Payment profiles  From September 2014 the payment profile for academies will be revised  Currently academies are paid on a front-loaded basis with a higher percentage of their annual GAG funding paid in September  The revised payment profile will distribute GAG funding to academies in equal instalments throughout the year

10. Pre and Post 16 allocations  Academies with sixth forms will have allocations with confirmed pupil numbers sent with their pre 16 allocation  Post 16 statement have been sent out separately without funding amounts  Once post 16 funding allocations are available we will send a complete allocation, with pre and post 16

11. More information  Funding allocation pack guidance  Online presentations  Podcasts  Enquiries: academy.questions@education.gsi.gov.uk

12. Insurance 13/14 – a recap Ave. £25 per pupil in basic entitlement Additional £20 per pupil Application to EFA to cover the difference INSURANCE All academiesTop up where applicable

13. New insurance scheme  New voluntary academy insurance scheme from September 2014  Brings value for money by reducing the cost of insurance premiums to academies  Open to all academies, free schools, UTCs and studio schools

14. New insurance scheme (2)  Removal of £20 additional insurance payment for all academies  For those participating in the scheme the cost of £25 per pupil is deducted from your allocation  Further details of the scheme will follow