Decision details

Schools Funding Settlement and Local Funding Formula 2024/25 (CF&E5)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To provide details of the Schools Funding Settlement 2024/25 and to approve the local funding formula models for early years and schools


The Cabinet has considered an update on the key announcements made by the Department for Education (DfE) on the education funding settlement for 2024/25, and has:-


(1) Noted the details of the Education Funding Settlement for 2024/25.


(2) Approved the construction of the early year’s budget as per section 3.1 to 3.2 and the updated 2024/25 local funding formula for schools as outlined in sections 3.3. to 3.5 and detailed in the table(s) in section 6.2 which will form the basis of the calculation of school budgets and be notified to the DfE in accordance with statutory requirements.

Alternative options considered:


Interests and Nature of Interests Declared:


Reason Key: Affects 2 or more wards;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: completed

Decision Reference: CAB437

Declarations or conflicts of Interest: None.

Forward Plan Reference: CF&E5

Other reasons / organisations consulted

Via Schools Forum / School Governing bodies

Contact: Peter Hughes, Corporate and Support Services Email: Tel: 0161 474 3947.

Report author: Peter Hughes

Publication date: 31/01/2024

Date of decision: 30/01/2024

Decided at meeting: 30/01/2024 - Cabinet

Effective from: 07/02/2024

Accompanying Documents: