Scheme for financing schools
The financial relationship between the authority and the schools maintained by the authority.
The local authority is required to maintain and publish a scheme for financing maintained schools setting out the financial relationship with the maintained schools in the authority’s area.
Amendments to the scheme may be proposed by the authority after consultation with all maintained schools, and may be agreed by the Schools Forum or the secretary of state for education. The secretary of state may also direct changes to all authorities’ scheme for financing schools.
The latest version of the Fair funding: scheme for financing maintained schools 2020/21
Local authorities are required to publish schemes for financing schools, setting out the financial relationship between them and the schools they maintain.