# The Education (Grant-maintained Schools) (Finance) Regulations 1989, 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 —
A×B×FC 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.

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Source: https://www.legislation.gov.uk/uksi/1989/1287/regulation/5 (the official version)
Page: https://openlegislation.uk/education-grant-maintained-schools-finance-regulations-1989/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.