Regulation 7 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 4, 5 or 6;

• C is 365; and

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