Most funding for academies comes from the general annual grant (GAG), but there are various additional streams of funding available to target additional support where it is most needed. These include Pupil Premium, COVID 19 Catch Up Premium, and PE & Sports Premium.
The Pupil Premium is additional school funding that is allocated to children from low-income families who are currently known to be eligible for FSM and children who have been looked after continuously for more than six months.
The Government believes that the Pupil Premium, which is additional to main school funding, is the best way to address the current underlying inequalities between children eligible for free school meals (FSM) and their more advantaged peers by ensuring that funding to tackle disadvantage reaches the pupils who need it most.
Pupil Premium is allocated to schools and is clearly identifiable. It is for schools to decide how the Pupil Premium, allocated to schools per FSM pupil, is spent, since they are best placed to assess what additional provision should be made for the individual pupils within their responsibility.
Schools are free to spend the Pupil Premium as they see fit. However they will be held accountable for how they have used the additional funding to support pupils from low-income families. New measures will be included in the performance tables that will capture the achievement of those pupils covered by the Pupil Premium. From September 2012, schools were also required to publish online information about how they have used the Premium. This ensures that parents and others are made fully aware of the attainment of pupils covered by the Premium.
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