Best Practice

Making your budget go further

With the new National Funding Formula delayed, financial uncertainty continues for schools. Kaley Foran offers seven ways in which to stretch your budget further

One of the main challenges facing schools in 2016/17 is that of tightening budgets. In January, a survey of school leaders by The Key revealed that 43 per cent of secondary school leaders expect budget pressures to be their greatest challenge in the year ahead.

But what impact can school leaders expect the proposed National Funding Formula to have on their school budgets?

When the NFF is introduced, every mainstream school and academy in England will be funded on the same basis, using a formula that combines school-level, pupil-level and area-level factors to set allocations. This replaces a system based on local priorities and historical patterns of spending. The idea is that the NFF should make it easier for schools to predict their funding levels from one year to the next.

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