The Cabinet considered an update on key announcements made by the Department for Education on the education funding settlement for 2019/20 and proposals for the local funding formula models to be used to determine the individual 2019/20 budgets for early years providers and schools in Stockport and agreed that:-
(1) the details of the Education Funding Settlement for 2019/20 be noted.
(2) the construction of the early years budget as per section 4.5 of the report and the updated 2019/20 local funding formula for schools as detailed in the table(s) in section 7.2 be approved to form the basis of the calculation of school budgets and be notified to the Department for Education in accordance with statutory requirements.