New LEA Funding System

This is the home page for the new LEA funding system. Details were first announced on 5th December: it is a part of the new local authority finance system and the provisional Local Government Finance Settlement, which were the subject of a statement on that day to the House of Commons by the rt Hon Nick Raynsford MP.

Following consultation which allowed authorities to check the data used in the calculations of Formula Spending Shares and to make representations on that to central Government, the final Local Government Finance Settlement was announced on 3 February 2002.

To see the full package of local authority formula spending shares and grant allocations please visit ODPM’s website at the following address: www.local.dtlr.gov.uk/finance/0304/grant.htm

General queries about the education formula can be logged on the contact page of this site.

Each LEA's final Education Formula Spending Share for 2003-04, and its constituent parts are set out in the New LEA Funding System spreadsheet.

New LEA Funding System Model (Excel 1026kb)

A technical note explaining the new formula and the evidence underpinning it can be accessed through the link below.

Technical note on New LEA Funding System (Word 400kb)