This article is for mainstream, state-funded schools in England, and summarises the national funding formula (NFF) 2023-24 policy paper and the schools block technical note, picking out the key points you need to know.
The NFF is in a transitional state. Read more about what this means below.
How the formula works
The NFF is the series of building blocks the DfE uses to work out your school’s core funding allocation.
Each summer, the DfE publishes a ‘notional budget’ at school level, but the end amount your school receives might be different (see below to find out why).
The structure of the NFF is summarised in this diagram:
Please note: the diagram in the policy paper for 2023-24 is missing the 'growth'