How will Free Schools be funded on an annual basis?

Free Schools will get their revenue funding from three sources: - The amount the Local Authority spends per pupil on state funded schools When you take your child out of a state school now, and move them to another state school, money ‘follows the pupil’ to the new school. The same would be true for new Free Schools. - The Local Authority ‘hold back’ Local Authorities keep a percentage of school spending for ‘central services’ – although the amount each Local Authority keeps varies massively. Free Schools, like Academies, will get a large percentage of this ‘holdback’ so they can procure services elsewhere. You can find out how much your school would get using the ‘LACSEG calculator’ - The Pupil Premium All schools will get more funding for children who are from deprived backgrounds. The Department has not yet announced how this will be defined or how much money this will mean (we think the DfE may define deprivation in terms of eligibility for free school meals (FSM)). We are expecting further announcements on funding before August.