The Cabinet considered an update on key announcements made by the Department for Education on the education funding settlement for 2022/23 and has agreed to:-
(1) Note the details of the Education Funding Settlement for 2022/23.
(2) Approve the construction of the early year’s budget as per section 3.1 to 3.2 and the updated 2022/23 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.