Scheme for financing schools

The scheme for financing schools sets out the financial relationship between us and the maintained schools which it funds. The requirements of the scheme in relation to financial management and associated issues are binding on both parties. Changes to the scheme are consulted on with all maintained schools and are subject to agreement by Schools Forum.

The most recent version of the scheme was agreed by Schools Forum in March 2023, and is effective from April 2023. View the latest Scheme for Financing Schools (PDF, 773KB, 45 pages).