What is devolved formula capital (DFC)?
DFC is funding to help you maintain and improve the condition of your school buildings, grounds and infrastructure.
It's allocated to individual schools, and you can spend it on capital projects that will support your school's own improvement priorities.
Access the 'funding allocations for 2023 to 2024' document from the school capital funding webpage.
It sets out the allocations at school level and responsible body level in different tabs.
How the allocations will be given out
The responsible body for your school will receive the funding:
- For maintained, non-voluntary aided (VA) schools, you'll be paid via your local authority (LA)
- Academy trusts, VA bodies and all other eligible institutions will receive their funding directly from the DfE
This is outlined in the 'condition funding methodology for 2023 to 2024' (page 4) from the school capital funding webpage.
DFC is paid as a single payment