Each Local Authority is required to have a Fair Funding Scheme for Financing Schools in accordance with the School Standards and Framework Act 1998 (SSFA) and associated regulations.
The funding framework, which replaces Local Management of Schools (LMS), is based on the legislative provisions in sections 45-53 of the SSFA as amended by section 41 of the Education Act 2002. The purpose of the framework is to achieve:
Improved Standards, self-management, accountability, transparency, opportunity, equity and value for money. The underlying principle of the scheme is the maximum delegation of managerial responsibility to governing bodies consistent with the discharge by the Council of its statutory responsibilities.
Fair Funding Scheme