This guide explains how academies are paid and how to change bank details.
Education and Skills Funding Agency (ESFA) is responsible for paying academies in accordance with the terms set out in the academy’s funding agreement. The general annual grant (GAG) is the name for an academy’s main revenue funding. We issue a monthly remittance note for each payment.
Remittance advice note
We’ve produced a brief guide to help academies understand their remittance advice note.
Pre-16 and 16 to 19 revenue funding
We fund academies on an academic rather than financial year basis. We send the monthly GAG payments via BACS to arrive in the academy’s nominated bank account on the first working day of each month. We distribute GAG funding in equal instalments throughout the year. This ensures consistency across all state-funded schools. The first payment for the 2018 to 2019 academic year is in September 2018.
Our guidance on academies revenue funding allocations provides information on how we calculate an academy’s allocation.
We’ve uploaded academy payment schedules for 2018 to 2019 to Information Exchange. They’re saved in the Document Exchange ‘revenue funding’ folder under the 2018 to 2019 academic year. Academies can access Document Exchange by logging into Information Exchange, and choosing the Document Exchange tab at the top of the page.
Academy payments schedule for main revenue funding streams 2018 to 2019
|Revenue funding stream||Grant type||Frequency|
|Pre- and post-16 GAG funding||Academic year||Equal monthly instalments|
|Start up funding (SUG) A||Academic year||3 front loaded instalments (proportioned as 50% / 25% / 25%)|
|Start up funding (SUG) B||Academic year||Equal monthly instalments|
|Post opening grant per pupil resources (POG PPR)||Academic year||3 front loaded instalments (proportioned as 50% / 25% / 25%)|
|Post opening grant leadership diseconomies (POG LD)||Academic year||Equal monthly instalments|
|16 to 19 funding||Academic year||Equal monthly instalments|
|16 to 19 bursary funding||Academic year||2 instalments: two-thirds in September and one-third April|
|Pupil premium||Financial year||4 instalments: July, October, January and April (academies opening after 1st April 2018 will be paid in fewer instalments)|
|Universal infant free school meals (UIFSM)||Academic year||2 instalments: July 2018 and July 2019|
|PE and sports premium||Academic year||2 instalments: November and May|
|Year 7 catch-up premium||Financial year||1 payment: March|
Pupil premium is additional funding given to publicly-funded schools in England and provides funding for two policies:
- raising the attainment of disadvantaged pupils and closing the gap with their peers
- supporting children and young people with parents in the regular armed forces
We calculate pupil premium on a financial-year basis and pay in quarterly instalments. We’ll make payments in July and October 2018 and January and April 2019.
We pay pupil premium grant separately to GAG payments and issue separate remittance advice.
We’ve published the pupil premium conditions of grant and allocations for the 2018 to 2019 financial year. The allocations are based on January 2018 school census data.
Universal infant free school meals (UIFSM)
All pupils in reception, year 1 and year 2 in state-funded schools in England are eligible for free school meals. This includes academies, free schools, pupil referral units and alternative provision, as well as maintained schools.
We’ve published the UIFSM conditions of grant and provisional allocations for 2018 to 2019. We expect to publish final allocations for 2018 to 2019 in June 2019.
Year 7 catch-up premium
Funding is available for all state funded schools to support year 7 pupils who did not achieve the expected standard in reading and/or maths at the end of key stage 2.
Information on the premium can be found in our guide for schools.
We expect to publish information on the arrangements for 2018 to 2019 in February 2019.
PE and sport grant allocations
The PE and sport grant is additional funding given to publicly funded schools in England to improve physical education (PE) and sport in primary schools.
You can find further information in guidance on the PE and sport premium.
We expect to publish information on the funding arrangements for 2018 to 2019 in October 2018.
Changes to bank details
If you wish to change the bank details held by ESFA for payment, please complete the academy bank details form.
Queries about payments
For any other queries about payments, please contact the ESFA enquiry service:
Contact form https://form.education...
For all enquiries for the Education and Skills Funding Agency