The Cabinet considered an update on key announcements made by the Department for Education on the education funding settlement for 2021/22 and has agreed to:-
(i) Note the details of the Education Funding Settlement for 2021/22.
(ii) Approve the construction of the early year’s budget as per section 3.1 to 3.2 and the updated 2021/22 local funding formula for schools as 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.