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:

  • school budget share - calculated on a comparable basis to the running costs of maintained schools in the same local authority
  • education services grant - allocated to academies based on the number of pupils they are responsible for, to buy services no longer automatically provided by the local authority.

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.

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Document double page Articles 

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

Book Guidance

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

Open booking with writingReports

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

Video recorder icon  Training

Focus on academy funding for 2016 to 2017 / Education Funding Agency