School Finance Information
Schools get two main streams of money from the Government. Their core funding – known as revenue funding – is the money that is spent on running costs, like salaries. They then have capital funding which is for buildings.
All state-funded schools, whether they are academies or council-run schools, get their funding from the Government. Independent or private schools operate outside this system and raise their funding through fees.
Schools are funded on a per pupil basis. We have a National Funding Formula (NFF) to make sure that a school’s per-pupil funding reflects a number of factors including the characteristics of their pupils (like how many pupils have fallen behind), how many pupils receive free school meals, the geographic location of the school (to reflect different salary costs) and much more.
The government finance benchmarking website shows annual expenditure and income.