Issue - meetings
Formal Approval of Schools Funding Formula 2026/27
Meeting: 03/02/2026 - Delegated Decisions by Cabinet Member for Children and Young People (Item 19)
19 Formal Approval of Schools Funding Formula 2026/27 
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Cabinet Member: Children & Young People
Forward Plan Ref: 2026/014
Contact: Jane Billington, Strategic Finance Business Partner – Children’s Services (Jane.Billington@oxfordshire.gov.uk)
Report by Director of Children’s Services (CMDCEYP5).
The final funding formula for schools and academies for 2026/27 needs to be formally approved politically for submission to the DfE for setting mainstream schools’ budgets for the 2026/27 financial year.
The Cabinet Member is RECOMMENDED to:
a) Approve the final funding formula for 2026/27 for submission to Department for Education (DfE).
Minutes:
The Chair introduced the item to the meeting.
The Chair noted that this was the formal approval to submit the Schools Funding Formula 2026/27 to the Department for Education, after consultation with local schools and the Schools Forum.
The Chair stated that the National Formula Factor rates had been followed as closely as they could be subject to affordability.
The Chair thanked officers and agreed to the recommendations in the report.
RESOLVED to:
a) Approve the final funding formula for 2026/27 for submission to Department for Education (DfE).