ESFA Update academies: 23 October 2024
Updated 28 October 2024
Applies to England
© Crown copyright 2024
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This publication is available at https://www.gov.uk/government/publications/esfa-update-23-october-2024/esfa-update-academies-23-october-2024
Information: Targeted retention incentive applications are now open
Eligible teachers can now apply for the targeted retention incentive. This incentive offers up to £6,000 for teachers in their first 5 years of teaching specific science, technology, engineering, and mathematics (STEM) and technical courses such as:
- building and construction
- computing
- early years
- engineering and manufacturing
- chemistry
- maths
- physics
These payments are separate from teachers’ pay.
Teachers may be eligible for the targeted retention incentive for further education (FE) teachers, if they teach in:
- general FE colleges
- sixth form colleges
- specialist designated institutions (SDIs)
- 16 to 19-only academies
Teachers may be eligible for the targeted retention incentive for school teachers instate-funded schools with pre-16 pupils.
Teachers must fully satisfy the eligibility criteria set out in the guidance to be eligible. They should apply using the link within the guidance.
There is no fee to apply.
Information: National professional qualification targeted support funding 2023 to 2024 allocations.
We have published revised 2023 to 2024 allocations for the targeted support funding for national professional qualifications (NPQs) for participants who started in the 2023 to 2024 academic year.
This revision now includes eligible participants who were not paid in the June 2024 allocations. We will make a sweep up payment at the end of October 2024 for local authorities and at the beginning of November 2024 for academies, ensuring that all eligible schools and organisations not captured in the summer payment window are paid in year.
We assess eligibility using information provided during registration, including pupil data. For state-funded primary schools with 1 to 150 pupils and state-funded primary schools with more than 150 pupils, funding amounts may vary dependant on the point of registration.
This grant is now closed, and we will make no further payments following the final November payment.
Information: 16 to 19 and adult revenue funding allocations for 2024 to 2025
We have published the 16 to 19 revenue funding allocations for academic year 2024 to 2025.
The publication covers schools, academies and further education institutions funded by ESFA for 16- to 19-year-olds, and 19 to 25 year olds with an education, health and care (EHC) plan.
We have also published the adult funding allocations for academic year 2024 to 2025 for training providers.
The publication covers the funding values for colleges, training organisations and employers with an adult skills funding, apprenticeship carry in or advanced learner loan contract for 2024 to 2025.
We publish both sets of allocations data annually in the interests of transparency.
Information: New digital format for the general annual grant statement
We have uploaded digital general annual grant (GAG) statements to manage your education and skills funding (MYESF). These replicate the 2024 to 2025 GAG statements that we uploaded as PDF documents to Document exchange earlier in the year, but in a digital format. This has no impact on your allocation or payments for 2024 to 2025.
To inform our approach for 2025 to 2026, we have been asking groups of academies and their trusts to test these.
If you have not already, access your digital GAG statement and provide feedback using the feedback form. This form is also available in the MYESF service at the top left hand of the page, once you have logged in and clicked on ‘allocation statements’. It is contained within the banner where it says, ‘BETA This is a new service – your feedback will help us to improve it.’
To access your digital statement, you will need to have a DfE Sign-in (DSI) account and add the MYESF service and the ‘view allocation statements’ sub-service to your account.
If you have not already set this up, there are instructions explaining how to do this on the academies revenue funding allocation page.
Information: Academy trust management accounting good practice guide
We have updated our good practice guide on academy trust management accounting.
The guide includes suggestions on how trusts can implement their management accounts to ensure that they meet the requirements set out in the academy trust handbook (ATH). It also includes a suggested layout for monthly management accounts.
This updated guide can be found in the full list of available good practice guides, which aim to support trustees, accounting officers, principals, executive leaders and chief financial officers (CFOs) to develop good practice in their trust.
Information: PE and sport premium allocations and conditions of grant for 2024 to 2025 academic year
We have published the 2024 to 2025 allocations for PE and sport premium on the view latest funding service.
Webinar: Mock trial – risk protection arrangement (RPA) members only
Tuesday 12 November 2024, 9am to midday – Register online.
Webinar: Academy finance professionals national power hour with guest speaker Minister McKinnell
Thursday 21 November 2024, 10am to midday. Register on Eventbrite.