Correspondence

ESFA Update academies: 22 May 2024

Published 22 May 2024

Applies to England

© Crown copyright 2024

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Information: 16 to 19 funding allocations

The 16 to 19 disadvantage funding allocations consist of 2 blocks: one to account for students’ economic deprivation, and one to account for low prior attainment in English and maths. The Education and Skills Funding agency (ESFA) has amended the 16 to 19 allocations data to show the allocations from academic year 2020 to 2021 onwards, by separating these 2 blocks and including the minimum top-up amounts. This is to support the transparency of 16 to 19 allocation data.

We have updated the below transparency data:

Information: Teachers’ pay additional grant 2024 to 2025

ESFA has published the teachers’ pay additional grant conditions of grant for the financial year 2024 to 2025. 

We have also published the teachers’ pay additional grant allocations for mainstream and special schools for the financial year 2024 to 2025.

Information: Teachers’ pension employer contribution grant (TPECG) 2024 to 2025

All the information in this article is about the 2024 to 2025 financial year. ESFA has published pension grant methodologies and conditions for all settings for this financial year.

We are publishing the allocations files at different times depending on the grant and setting type.

TPECG 2024 for schools, high needs settings and local authorities:

16 to 19 teachers pension scheme employer contribution grant (TPSECG):

We confirmed:

  • additional funding for early years is already included in core rates
  • FE TPSECG with 16 to 19 funding allocations in March 2024

Payments

We explain when we will pay you in the links above for your setting type.

Information: Changes to the funding regulations for post-16 provision 2024 to 2025 guidance

ESFA has updated the funding regulations for post-16 provision 2024 to 2025 guidance. You can find any changes detailed in the what’s new section.

Changes include an amendment to section 6, which now sets out all our subcontracting advice for schools and academies.

Information: Publication of final school condition allocations and devolved formula capital for the financial year 2024 to 2025

Final school condition allocations (SCA) and devolved formula capital (DFC) for the financial year 2024 to 2025 have now been published on the school capital funding page. This is part of £1.8 billion committed for 2024 to 2025 for improving the condition of the school estate.

The Department for Education (DfE) published the provisional SCA for local authorities, large multi-academy trusts and large voluntary-aided school bodies at the end of March. Final allocations have been updated to take account of changes in the status of schools, such as movements between responsible bodies, closures, and mergers. DFC allocations for individual schools have also been updated.

Final allocation amounts, the condition funding methodology and spend guidance are available on the school capital funding GOV.UK page.

The outcomes of the 2024 to 2025 condition improvement fund (CIF) were announced in March 2024.

Information: Launch of the skills injection fund 3

The application window for the latest round of the higher technical education skills injection fund is now open and will close on Monday 17 June. This £10.3 million capital fund supports the government’s ambition to grow provision of higher technical qualifications (HTQs), to give learners the skills that employers need to help the economy grow and thrive.

The purpose of the fund is to help providers invest in industry-standard equipment they need to offer an experience for learners that will meet employer needs. Applications can be made for courses in the following routes: 

  • agriculture, environmental and animal care
  • care services
  • construction and the built environment
  • digital
  • education and early years
  • engineering and manufacturing
  • health and science

To check your eligibility and to apply, visit the higher technical education skills injection fund 3 guidance page.

The fund will close for applications at 11:59pm on Monday 17 June.

Information: Academy finance professionals June power hour – budget forecast return

Would you like to know more about the budget forecast return (BFR) before the Thursday 29 August 2024 deadline? 

Join us virtually on Thursday 13 June, from 10am to 11am. 

The session will include: 

  • key changes to this year’s budget forecast return,
  • why we have made these changes
  • why we have the BFR and how we use the data
  • how the BFR is completed, including a short demonstration of the form.

There will be the opportunity to ask questions during the event. 

Register on Eventbrite.

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