The Department for Education (DfE) has set out its capital allocations for 2018/2019 for Strategic Capital Maintenance, Devolved Formula Capital, the Locally Co-ordinated Voluntary Aided Programme (LCVAP), Basic Need and for the one-year allocation from the Healthy Pupils Capital Fund. For Central Bedfordshire these amount to a total of £5,639,565.
Details of the funding streams are set out below.
The Basic Need allocation of £2,994,760 is a one-year allocation for 2020/21 and is one of the sources of capital funding that we use to fund the New School Places programme. The allocation is as a result of our data forecast return to the Education and Skills Funding Agency in 2017.
Strategic Capital Maintenance
We use Strategic Capital Maintenance to fund our annual rolling programme of capital maintenance in all community, voluntary controlled, foundation and trust schools. The DfE separately also provides an allocation to the LCVAP which funds capital investment in voluntary aided schools.
The grant allocation of £1,852,212 for Strategic Capital Maintenance reflects an ongoing reduction to reflect the anticipated numbers of pupils within the area who will be expected to be accommodated in academies.
Academies will continue to have access to separate, centrally-held funding through the government's Education and Skills Funding Agency (ESFA).
For 2018 / 2019, based upon the highest priority maintenance needs of schools from previous and updated condition surveys, a strategic maintenance programme has been agreed and produced for community, voluntary controlled, foundation and trust schools.
Locally Co-ordinated Voluntary Aided Programme
The separate allocation of capital funding for the voluntary aided sector through this programme for 2018/19 is £120,803. A panel of diocese and council representatives meet to consider and approve expenditure against this programme.
Devolved Formula Capital
As in the past 6 years, there is the continuation of the shift away from support to individual schools to authority level allocations resulting in a similar level of schools’ Devolved Formula Capital in 2018 / 2019 as in 2017 / 2018. As with the Strategic Capital Maintenance funding, the allocation of £460,125 is for local authority maintained schools only, £40,604 is for voluntary aided schools, and academies will receive their funding direct from the ESFA. Devolved Formula Capital provides schools with capital funding to address their own priorities.