The national funding formula (NFF)
LAs determine your school's core budget using a local funding formula
The government uses the national funding formula (NFF) to work out your 'notional' core funding allocation. However, your actual allocation is based on a local funding formula from your local authority (LA) – this is the same system as for maintained schools.
But unlike for maintained schools:
- Your LA will submit its local formula to the Education and Skills Funding Agency (ESFA), so the ESFA can issue academies allocation statements – as explained in the 'Introduction' section of this ESFA funding allocation guidance
- Your funding allocations are:
- Paid directly to your trust by the ESFA
- Based on the academic, rather than financial, year
This is explained in guidance from the ESFA.
The transition to the direct NFF
The direct NFF will mean your school's budget will be allocated directly by the central government