Regulation 5 Apportionment of maintenance grant

In the case of any school which acquires grant-maintained status otherwise than at the beginning of a financial year, the annual amount of maintenance grant payable to the governing body of the school for the first such year shall be apportioned in accordance with the following formula —

$$\genfrac{}{}{0.1ex}{}{\mathrm{A}\times \mathrm{B}\times \mathrm{F}}{\mathrm{C}}$$

where —

• A is the number of days in the financial year falling on or after the incorporation date of the school;

• B is the amount of maintenance grant determined in accordance with (as the case may be) regulation 3 or 4 above;

• C is 365; and

• F bears the value ascribed to it in the Table below according to the incorporation date of the school —

  where incorporation date	1 April – 31 July	F=1.0
  	1 August – 31 December	F=1.015
  	1 January – 31 March	F=1.02.