Academies receive the same funding as maintained schools for every pupil on their register. They also get extra funding to cover the cost of services that used to be provided by the local authority.
Academies are funded from September to August in line with the academic year, unlike maintained schools, which are funded from April to March in line with the financial year.
Most funding for the running of academies comes from the general amount grant (GAG). This is paid to academies by the Education Funding Agency (EFA). based on a formula provided by your local authority. The EFA will tell you how much GAG funding you will get and how the grant has been calculated.
The general amount grant is made up of:
The school budget share is protected by a minimum funding guarantee, so that the funding for each pupil will not fall by more than 1.5% per year.
Funding allocations for sixth forms and places in special units are not included in the calculation.
Call to make academy funding more transparent / Public Finance
Department for Education's settlement at the Spending Review 2015 / Department for Education
Funding crisis is 'jeopardising Government's own education plans / ASCL
Primary PE and sport premium for the 2015 to 2016 financial year / Department for Education
Primary schools receive £10k grants for improving phonics teaching / Schoolsweek
Targets off the table for pupil premium funding / Schoolsweek
16 to 19 allocation data: 2015 to 2016 academic year / Education Funding Agency
Academy and free-school funding agreements: multi-academy trust / Department for Education
Academy and free-school funding agreements: single academy trust / Department for Education
Academies funding: A to Z of terms / Education Funding Agency
Academies payments information: remittance advice notes / Education Funding Agency
Alternative provision free school funding agreements: 2015 / Department for Education
Early years pupil premium: model form and letter for parents / Department for Education
Education services grant 2015 to 2016 / DfE and EFA
Fairer schools funding: arrangements for 2015 to 2016 / DfE and EFA
Funding guidance for young people: ILR funding returns / Education Funding Agency
Funding payments for academies / Education Funding Agency
General further education colleges and specialist colleges: model funding agreement / Education Funding Agency
High needs funding arrangements: 2016 to 2017 / Education Funding Agency
Interactive post-16 school census tool / Education Funding Agency
PE and sport premium: funding allocations for 2015 to 2016 / DfE and EFA
Pupil premium: funding allocations 2015 to 2016 / Education Funding Agency
Schools block funding allocations 2015 to 2016 / Education Funding Agency
Universal free school meals: funding provision / Department for Education
An early years place for all: the NAHT Childcare Bill report / NAHT
Funding for disadvantaged pupils / National Audit Office
Funding for young people with special educational needs / Department for Education
Focus on academy funding for 2016 to 2017 / Education Funding Agency