Regulation 5 Determination of Direct AMG for a complete financial year by reference to a comparable maintained school’s budget share

This regulation applies in the case of a school established on or before 1st April in the financial year in question.

In any case to which this regulation applies, and subject to regulation 6 (alternative method), the funding authority shall determine an amount which appears to them to be equal or approximate to an amount which the local education authority could have determined, by the application (subject to regulation 7) of the allocation formula in their scheme in relation to a comparable maintained school covered by the scheme, as such a school’s budget share for the financial year in question.