Academies revenue funding allocations

Information for academies about their annual revenue funding.

Applies to England


The Education and Skills Funding Agency (ESFA) funds academies (including free schools, university technical colleges and special academies) on the same basis as maintained schools. We base allocations and payments to academies on an academic year, compared with financial year for maintained schools.

You can read a separate guide about funding for new academies.

A to Z of academies funding terms and acronyms

We explain the main funding terms and acronyms in our A to Z of academies funding.

Annual allocations

20232022 to 20242023 academic year

On 19 July 2022,2021, the Minister of State for School StandardsStandards, madeRt writtenHon statementNick settingGibb MP, set out the schools, high needs and central school services national funding formulae (NFF) for 20232022 to 2024.2023.

Provisional 20232022 to 20242023 NFF allocation tables and technical notes have have been published, along with the the NFF policy document detailing thedetailing changes.

It is important to note that,that as in previous years, individual schools’ and academies’ actual funding may be different to the amounts shown in these tables. This is because local authorities continue to set a local formula, in consultation with local schools’ forums, and within the framework of the the schools operational guide for 20232022 to 20242023, to determine individual schools’ budgets in their areas.

General annual grant (GAG) allocation statements for 2022 to 2023 academic yeartimetable

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2021 to 2022 academic year

On 20 July 2020, The Minister of State for School Standards, Rt Hon Nick Gibb MP, confirmed the NFFprovisional policyfunding allocations for 2021 to 2022 documentthrough detailingthe changes.schools, high needs and central school services national funding formulae (NFF).

It is important to note that individual schools’ and academies’ actual funding may be different to the amounts shown in these tables. This is because local authorities continue to set a local formula, in consultation with local schools’ forums, and within the framework of the schools operational guide for 2022 to 2023 to determine individual schools’ budgets in their areas.

General annual grant (GAG) allocation statements for 20222021 to 20232022 timetable

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We continue to issue in year openers allocations on a month by month basis.

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Academy funding in 20222021 to 2023:2022: an overview of funding for the current academic year

We calculate most of an academy’s revenue funding using the pupil numbers taken from either the the autumn census return or or an agreed estimate of pupil numbers, as outlined in the academy’s funding agreement.

Academies funded on estimates may be subject to the pupil number adjustment process; visit our our academies funded on estimates page for for more information.

We used pupil numbers from either the autumn 20212020 census or the agreed estimate of pupil numbers for the 20222021 to 20232022 academic year.

For 20222021 to 2023,2022, we’ll continue to use the national funding formula (NFF) for schools and for high needs, to allocate budgets to local authorities.

It is important to note that the the NFF school-level school-level allocations that we published in July 20212020 were notional allocations only. In 20222021 to 2023,2022, local authorities have continued to set a local formula which has determined individual school and academy budgets in their authority. As in previous years, local authorities submitted this local formula to us so that we could produce and issue academies allocation statements.

The general annual grant (GAG)

Most funding for academies comes from the general annual grant (GAG). This is made up of:

  • school budget share – calculated on the same basis as for maintained schools in the same local authority. Guidance for 20222021 to 20232022 explains how we calculate the school budget share.

The minimum funding guarantee (MFG) is a protection against changes in per pupil school budget share (SBS) funding between the 20212020 to 2021 and 20222021 to 20232022 academic years. The amount of protection will vary according to the impact of local changes in the funding formula and the effect of these on individual per pupil rates.

In 20222021 to 2023,2022, local authorities have the flexibility to set local MFG between +0.5% and +2.0% per pupil in order to offer higher levels of protection locally.

Where appropriate, the GAG may also include funding for high needs places, 16 to 19 students and start-up funding for new institutions.

Guidance has been issued for schools opening as academies to estimate their revenue funding.

16 to 19 funding

Information about how colleges, schools and academies receive their 16 to 19 allocations is available on our 16 to 19 funding allocations guidance page.

High needs funding

Local authorities commission education provision for pupils that attract high needs funding. This means academies receive high needs funding from both ESFA and local authorities.

We have published information on high needs funding arrangements for 20222021 to 20232022.

Academies revenue payments

ESFA pays academies’ GAG in 12 equal instalments in accordance with the terms set out in the academy’s funding agreement. A monthly remittance note accompanies each payment. Revenue funding: payments to academies explains how academies are paid and how to change bank details.

Revenue funding outside the general annual grant

Many academies receive funding outside their GAG, including:

Published 11 March 2014
Last updated 226 SeptemberApril 2022 + show all updates
  1. Academies funding in 2021 to 2022 has been updated to 2022 to 2023

  2. Updated following issue of allocations for 2022 to 2023

  3. Updated following publication of first tranche of academy general annual grant allocations guidance for 2022 to 2023

  4. Updated with detail of the 2022 to 2023 general annual grant allocation statements timetable

  5. Updated for academic year 2021 to 2022 and includes announcement for academic year 2022 to 2023

  6. We have amended to reflect that allocation statements for 2021 to 2022 are now on the new Document Exchange service

  7. We've added information about academy funding allocation statements for 2021 to 2022.

  8. Funding allocations information for the year 2021 to 2022 has now been added

  9. We've updated this page to add up-to-date information for 2020 to 2021.

  10. We've updated the 2020 to 2021 timetable information

  11. We've updated the information regarding allocation guidance and added more detail about the NFF notional allocations

  12. We've added the timeline for production of allocation statements

  13. Updated with information for 2019 to 2020

  14. We've added the link to the 2019 to 2020 general annual grant allocation guidance for academies that were open before 1 April 2019.

  15. We have confirmed ESG protection arrangements in 2019 to 2020 for eligible academies.

  16. We've updated the page to include high level information about 2019 to 2020

  17. We've updated the section 'General annual grant allocation statements for 2018 to 2019 timetable' to reflect that we have issued 2018 to 2019 academy GAG allocation statements for all academies open at 1 January 2018.

  18. We've added a link to the 2018 to 2019 academy general annual grant allocation guides

  19. We've updated the funding allocations information 2018 to 2019

  20. Information added on timeline for 2017 to 2018 academic year allocations.

  21. Updated to include information on ESG protection.

  22. Updated information and removed information for academies funded on estimates to a separate page.

  23. Information about 2014 to 2015 removed. Details of pupil number adjustment for 2015 to 2016 added. Information about 2016 to 2017 funding added including education services grant rates.

  24. Link to funding video for 2016 to 2017 added.

  25. Links to funding videos on YouTube added.

  26. This page has been updated to include the pupil number adjustment calculator for the 2014 to 2015 academic year.

  27. Links to funding training videos and registration for webinars added.

  28. ESG rates for 2015 to 2016 academic year added and a link to a guidance note about the ESG changes.

  29. Updated to add a letter to academies about funding arrangement for 2015 to 2016

  30. Updated pupil number adjustment calculator added.

  31. Pupil number adjustment (PNA) details for the 2013 to 2014 academic year added.

  32. First published.