EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations make provision for local authorities’ financial arrangements in relation to the funding of maintained schools and providers of funded early years provision in England, for the financial year 2018-2019.
The School and Early Years Finance (England) Regulations 2015 are revoked. The School and Early Years Finance (England) Regulations 2017 remain in force.
These Regulations define the non-schools education budget (regulation 4 and Schedule 1), the schools budget (regulation 6 and Schedule 2), central expenditure and the individual schools budget (regulation 8 and Schedule 2). They require local authorities to determine budget shares for schools maintained by them and amounts to be allocated in respect of early years provision in their areas, in accordance with the appropriate formulae (regulations 10 and 11). They impose a minimum funding guarantee for schools (regulation 21 and Schedule 4). There is a requirement to pass 95 per cent of funding to early years providers (regulation 22) and a ten per cent limit on the amount of funding that may be attributable to the discretionary (supplementary) part of the early years formulae (regulation 23). There are also requirements in relation to local authorities’ schemes (regulation 30 and Schedule 5).
An impact assessment has not been prepared for this instrument as it has minimal impact on businesses and civil society organisations. The instrument has minimal impact on the public sector.