The School
and Early Years Finance (England) (No. 2) Regulations 2018
Laid before Parliament 15th November 2018
Coming into force 7th December 2018
These Regulations make provision for local authorities’
financial arrangements in relation to the funding of maintained
schools and providers of funded early years provision in
England, for the financial year 2019-2020.
The School and Early Years Finance (England) Regulations 2017 are
revoked. The School and Early Years Finance (England) Regulations
2018 remain in force.
These Regulations define the non-schools education budget
(regulation 4 and Schedule 1), the schools budget (regulation 6
and Schedule 2), central expenditure and the individual schools
budget (regulation 8 and Schedule 2). They require local
authorities to determine budget shares for schools maintained by
them and amounts to be allocated in respect of early years
provision in their areas, in accordance with the appropriate
formulae (regulations 10 and 11). They impose a minimum funding
guarantee for schools (regulation 21 and Schedule 4). There is a
requirement to pass 95 per cent of funding to early years
providers (regulation 22) and a ten per cent limit on the amount
of funding that may be attributable to the discretionary
(supplementary) part of the early years formulae (regulation 23).
There are also requirements in relation to local authorities’
schemes (regulation 30 and Schedule 5).
