Issue - meetings
2026-27 Provisional Funding Formula For Mainstream Schools and Academies
Meeting: 13/01/2026 - Cabinet (Item 11)
11 2026-27 Provisional Funding Formula for Mainstream Schools and Academies 
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Minutes:
Background:
The report advised the Cabinet that Officers had been formulating the 2026-27 funding arrangements for schools and academies and recommended changes to Medway’s local mainstream schools and academies funding formula. It was noted that the Schools Forum would meet on 14 January 2026 to discuss, consider and make final recommendations on the 2026-27 Final Funding Formula. The Cabinet was being asked to approve the methodology set out within the report to balance the funding formula budget to the funding received from government for 2026-27.
This report also sought delegated authority to enable the Final Funding Formula to be submitted to the Department for Education to avoid the need for the Cabinet to consider the Final Funding Formula at its meeting on 10 February 2026 which would avoid further delay in submission to the Department for Education.
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Decision number: |
Decision:
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06/2026 |
The Cabinet agreed to instruct officers to implement the 2026-27 Provisional Funding Formula for mainstream schools and academies, as set out in section 5 of the report and noted that the Schools Forum, on 14 January 2026, would be considering recommending approval of the final funding formula to Cabinet. |
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07/2026 |
The Cabinet agreed to delegate authority to the Director of People, Children and Adults Services, in consultation with the Portfolio Holder for Education, to agree and implement the 2026-27 Final Funding Formula for mainstream schools and academies, following the Schools Forum meeting due to be held on 14 January 2026, agreeing to recommend approval of the 2026-27 Provisional Funding Formula for mainstream schools and academies, as set out in section 5 of the report. |
Reasons:
The local authority is required to implement the funding formula changes for 2026-27 in accordance with the regulations and to inform the department of education.