The Education (Grant-maintained Schools) (Finance) Regulations 1993

Apportionment of maintenance grant

16.—(1) This regulation applies in the case of any school whose incorporation date falls after 1 April in the financial year in question.

(2) Where in respect of any such school the amount of maintenance grant is determined in accordance with regulation 4, the amount of maintenance grant payable to the governing body for the financial year in question shall be apportioned in accordance with the following formula–

where

• A is the number of days in the financial year falling on or after the incorporation date of the school;

• B is 365 or, where the financial year in question ends during a leap year, 366;

• C is the amount determined in accordance with regulation 10(3); and

• D is the sum of the amounts determined in accordance with regulations 7, 8, 10(5) and (6) and 11;

• F bears the value ascribed to it in the Table below according to the incorporation date of the school—

incorporation date 1 April–31 July	F = 1.0
incorporation date 1 August–31 December	F = 1.015
incorporation date 1 January–31 March	F = 1.02.

(3) Where in respect of any such school the amount of maintenance grant is determined in accordance with regulation 12, the amount of maintenance grant payable to the governing body of the school for the financial year in question shall be apportioned in accordance with the following formula—

where

• C is the amount determined in respect of the school in accordance with regulation 13(1);

• G is the amount determined in respect of the school in accordance with regulation 14; and

• A, B, and F represent the matters respectively denoted by those letters in paragraph (2).