Earlier this year, I was speaking with some new headteachers about their experiences of their first year in post, and although there were lots of issues raised – from Ofsted and accountability, to staffing and managing strikes – one of the things they found most baffling was the funding system. Getting your head around “DFC”, “SCA” and “GAG” funding sometimes requires a degree in itself.
Let’s be honest, most people who trained to be teachers are interested in teaching and learning, not school finances!
Most state-funded schools in England are funded through two main funding pots – revenue funding and capital funding. So far, so good.
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