Academies revenue funding allocations
Information for academies about their annual revenue funding.
Applies to England
Introduction
The Education and Skills Funding Agency (ESFA) funds academies (including free schools, university technical colleges and special academies) on the same basis as maintained schools. We base allocations and payments to academies on an academic year, compared with financial year for maintained schools.
A to Z of academies terms and acronyms
We explain the main funding, finance and governance terms and acronyms in our academies A to Z.
Annual allocations
2024 to 2025 academic year
Provisional 2024 to 2025 NFF allocation tables and technical notes have been published, along with the policy document detailing the changes.
It is important to note that, as in previous years, individual schools’ and academies’ actual funding may be different to the amounts shown in these tables. This is because local authorities continue to set a local formula, in consultation with local schools’ forums, and within the framework of the schools operational guide for 2024 to 2025, to determine individual schools’ budgets in their areas.
General annual grant (GAG) allocation statements for 2024 to 2025 timetable
We have now issued all general annual grant allocations for 2024 to 2025 for those academies open prior to February 2024. The allocation statements are available to view and download on Document exchange in the ‘Documents received from ESFA’ section.
Allocation statements for academies opening between February 2024 and March 2024 will be issued by the end of April 2024.
We’ve published the academy general allocation guide for the 2024 to 2025 academic year for mainstream academies, free schools, UTC’s and studio schools, special and alternative provision academies and special free schools.
2023 to 2024 academic year
On 19 July 2022, the Minister of State for School Standards made a written statement setting out the schools, high needs and central school services national funding formulae (NFF) for 2023 to 2024.
Provisional 2023 to 2024 NFF allocation tables and technical notes have been published, along with the policy document detailing the changes.
It is important to note that, as in previous years, individual schools’ and academies’ actual funding may be different to the amounts shown in these tables. This is because local authorities continue to set a local formula, in consultation with local schools’ forums, and within the framework of the schools operational guide for 2023 to 2024, to determine individual schools’ budgets in their areas.
General annual grant (GAG) allocation statements for 2023 to 2024 timetable
We have now issued all general annual grant allocations for 2023 to 2024. The allocation statements are available to view and download on Document exchange in the ‘Documents received from ESFA’ section.
We’ve published the academy general allocation guides for the 2023 to 2024 academic year for mainstream academies, free schools, UTC’s and studio schools, special and alternative provision academies and special free schools that were open before 1 April 2023 and those open between 1 April and 31 August 2023.
Academy funding in 2023 to 2024: an overview of funding for the current academic year
We calculate most of an academy’s revenue funding using the pupil numbers taken from either the autumn census return or an agreed estimate of pupil numbers, as outlined in the academy’s funding agreement.
Academies funded on estimates may be subject to the pupil number adjustment process; visit our academies funded on estimates page for more information.
We used pupil numbers from either the autumn 2022 census or the agreed estimate of pupil numbers for the 2023 to 2024 academic year.
For 2023 to 2024, we’ll continue to use the national funding formula (NFF) for schools and for high needs, to allocate budgets to local authorities.
It is important to note that the NFF school-level allocations that we published in July 2022 were notional allocations only. In 2023 to 2024, local authorities have continued to set a local formula which has determined individual school and academy budgets in their authority. As in previous years, local authorities submitted this local formula to us so that we could produce and issue academies allocation statements.
The general annual grant (GAG)
Most funding for academies comes from the general annual grant (GAG). This is made up of:
- school budget share – calculated on the same basis as for maintained schools in the same local authority. GAG guidance for 2023 to 2024 explains how we calculate the school budget share.
The minimum funding guarantee (MFG) is a protection against changes in per pupil school budget share (SBS) funding between the 2022 to 2023 and 2023 to 2024 academic years. The amount of protection will vary according to the impact of local changes in the funding formula and the effect of these on individual per pupil rates.
In 2023 to 2024, local authorities have the flexibility to set local MFG between +0.0% and +0.5% per pupil in order to offer higher levels of protection locally.
Where appropriate, the GAG may also include funding for high needs places and start-up funding for new institutions.
Guidance has been issued for schools opening as academies to estimate their revenue funding.
16 to 19 funding
Information about how colleges, schools and academies receive their 16 to 19 allocations is available on our 16 to 19 funding allocations guidance page.
High needs funding
Local authorities commission education provision for pupils that attract high needs funding. This means academies receive high needs funding from both ESFA and local authorities.
We have published information on high needs funding arrangements for 2023 to 2024.
Academies revenue payments
ESFA pays academies’ GAG in 12 equal instalments in accordance with the terms set out in the academy’s funding agreement. A monthly remittance note accompanies each payment. Revenue funding: payments to academies explains how academies are paid and how to change bank details.
Revenue funding outside the general annual grant
Many academies receive funding outside their GAG, including:
- early years funding
- national non domestic rates (NNDR)
- pupil premium
- PE and sport premium for primary schools
- universal infant free school meals
- high needs top-up funding
- national tutoring programme (NTP)
- coronavirus (COVID-19) recovery premium funding
- mainstream schools additional grant
- teachers’ pay additional grant
- teachers’ pension employer contribution grant (sixth forms and 16 to 19 schools only)
Last updated 2 April 2024 + show all updates
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We have updated the section 'General annual grant allocations for 2024 to 2025' with latest information on progress issuing GAG allocations.
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We have added the section 'General annual grant (GAG) allocation statements for 2024 to 2025 timetable' setting out when we will issue allocation statements.
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We have updated the Academies revenue funding allocations guidance to update links to relevant guidance for the 2023 to 2024 academic year.
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We have updated the 2023 to 2024 GAG allocation statements timetable.
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Added section general annual grant (GAG) allocation statements for 2023 to 2024 timetable
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Academies funding in 2021 to 2022 has been updated to 2022 to 2023
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Updated following issue of allocations for 2022 to 2023
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Updated following publication of first tranche of academy general annual grant allocations guidance for 2022 to 2023
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Updated with detail of the 2022 to 2023 general annual grant allocation statements timetable
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Updated for academic year 2021 to 2022 and includes announcement for academic year 2022 to 2023
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We have amended to reflect that allocation statements for 2021 to 2022 are now on the new Document Exchange service
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We've added information about academy funding allocation statements for 2021 to 2022.
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Funding allocations information for the year 2021 to 2022 has now been added
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We've updated this page to add up-to-date information for 2020 to 2021.
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We've updated the 2020 to 2021 timetable information
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We've updated the information regarding allocation guidance and added more detail about the NFF notional allocations
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We've added the timeline for production of allocation statements
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Updated with information for 2019 to 2020
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We've added the link to the 2019 to 2020 general annual grant allocation guidance for academies that were open before 1 April 2019.
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We have confirmed ESG protection arrangements in 2019 to 2020 for eligible academies.
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We've updated the page to include high level information about 2019 to 2020
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We've updated the section 'General annual grant allocation statements for 2018 to 2019 timetable' to reflect that we have issued 2018 to 2019 academy GAG allocation statements for all academies open at 1 January 2018.
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We've added a link to the 2018 to 2019 academy general annual grant allocation guides
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We've updated the funding allocations information 2018 to 2019
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Information added on timeline for 2017 to 2018 academic year allocations.
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Updated to include information on ESG protection.
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Updated information and removed information for academies funded on estimates to a separate page.
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Information about 2014 to 2015 removed. Details of pupil number adjustment for 2015 to 2016 added. Information about 2016 to 2017 funding added including education services grant rates.
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Link to funding video for 2016 to 2017 added.
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Links to funding videos on YouTube added.
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This page has been updated to include the pupil number adjustment calculator for the 2014 to 2015 academic year.
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Links to funding training videos and registration for webinars added.
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ESG rates for 2015 to 2016 academic year added and a link to a guidance note about the ESG changes.
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Updated to add a letter to academies about funding arrangement for 2015 to 2016
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Updated pupil number adjustment calculator added.
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Pupil number adjustment (PNA) details for the 2013 to 2014 academic year added.
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First published.