You are here:

Last reviewed on 12 February 2021
Ref: 30271

Learn how academies in your trust are funded, including information about the general annual grant (GAG) and the funding academies receive outside of the GAG.

Basis of funding 

Academies (including special academies) are funded on the same basis as maintained schools.

However, unlike for maintained schools, funding allocations are:

  • Paid directly to the trust by the Education and Skills Funding Agency (ESFA)
  • Based on the academic, rather than financial, year

This is explained in guidance from the ESFA

Funding is calculated based on the national funding formula (NFF). To help schools transition to the formula, local authorities (LAs) are continuing to set local funding formulas in 2020-21, the schools minister has announced.  

In this period, mainstream academies’ funding will continue to be based on local funding formulas. LAs submit their local formula to the ESFA so that it can issue academies allocation statements, as explained in the ESFA funding allocation guidance (see page 3).

Most funding for academies comes from the general

The Key has taken great care in publishing this article. However, some of the article's content and information may come from or link to third party sources whose quality, relevance, accuracy, completeness, currency and reliability we do not guarantee. Accordingly, we will not be held liable for any use of or reliance placed on this article's content or the links or downloads it provides. This article may contain information sourced from public sector bodies and licensed under the Open Government Licence v3.0.