1. EFA current objectives and future plans Sue Baldwin: Director of Academies Education Funding Agency 28 June

2. Overview  The Education Funding Agency  Academies  Assurance and accountability  Funding reform  Capital  Wrap up

3. We fund schools and colleges to educate children and young people in England. To do this we: fund academies directly and ensure they meet the terms of their funding agreements; fund local authorities to fund maintained schools; fund sixth forms, colleges and training providers to educate 16 to 19-year-olds, and those with learning difficulties or disabilities to age 24 with LDA; provide bursaries to disadvantaged young people; and deliver building and maintenance programmes for schools and sixth-form colleges, including project managing new builds for schools in greatest need. Our remit provide £56bn a year

4. Implementing reform of schools funding including high needs Improving systems and service to our customers Rolling out the Priority School Building Programme Surveying the condition of the education estate in England to help target future funding Some of our current priorities

5. Three opened in 2002-03 It took four years to open the first 27 academies More than 300 academies opened in September 2012 There are now more than 3,000 51 per cent of all secondary schools are now academies More than 2 million pupils are now taught in academies 136,000 teachers employed in academies – 30 per cent of the frontline school workforce Three local authorities where all secondary schools are academies The number of academies has accelerated rapidly:

6. Continued growth Funding reforms : 2014-15 Freedoms and accountability Service to academies Supporting pre opening Academies: our priorities for the year

7. A quick summary of funding reform 2014/15 Structure of 2013/14 reforms stay in place but:  At least 80% of delegated funding distributed by pupil-led factors  Basic entitlement must be at least £2,000 for primary and £3,000 for secondary  Different lump sums allowed for primary, middle and secondary  Lump sum capped at £175,000  Minor changes to mobility, looked-after children and prior attainment factors  New sparsity factor for small schools in sparsely populated areas  Flexibility for schools with temporary falling rolls – but only for “outstanding” schools or academies

8. EFA Capital - overview  EFA Capital Division formed from PfS and YPLA  Mix of allocating funding & direct delivery of capital projects, as well as providing advice on school design and delivery  James Review: reported in April 2011, and dictated much of the current structure & function of EFA Capital

9. The post-James Review world  Property Data Survey Programme  Free Schools programme  Academies Capital Maintenance Fund  Priority Schools Building Programme  Central management of major programme delivery

10. EFA Capital – key functions  Targeted response to condition need  Meet policy objectives  Strategic assessment of condition need  Meeting Basic Need  Distribute formulaic funding to schools & revenue funding to LAs for legacy PFIs  Voluntary Aided sector funding  More efficient delivery, driving out better value  Property issues requiring approval

11. EFA Capital – programmes NameValueAccess Free SchoolsDemand-ledProposers bid in x3 p.a. Priority School Building Programme £2.4bn261 schools already selected for programme Academies Capital Maintenance Fund c.£350m (current FY)Academies bid in: currently 2 windows p.a. Targeted Basic Need£900mLAs bid in (announcement imminent) UTCsDemand-ledProposer groups bid in Studio SchoolsDemand-ledProposer groups bid in

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