The Cabinet considered an update on key announcements made by the Department for Education on the education funding settlement for 2020/21 and proposals for the local funding formula models to be used to determine the individual 2020/21 budgets for early years providers and schools in Stockport and agreed that:-
· the details of the Education Funding Settlement for 2020/21 be noted; and
· the construction of the early year’s budget as defined at section 4.2 to 4.3 of the report and the updated local schools funding formula model as outlined in section 4.4 to 4.6 and summarised in the tables provided at section 7.2 of the report be approved.