# The Financing of Maintained Schools (England) Regulations 2000, Paragraph 2


Subject to paragraphs 3 and 4, the protected level of funding for the financial year beginning on 1st April 2000 for each school to which regulation 18 applies shall be calculated according to the formula—
(a-b)c×1.025×d Where
“a”, “b” and “c” have the values previously ascribed to them by the Secretary of State for the purposes of Schedule 4 to the 1999 Regulations; and
“d” is the number appearing to the local education authority to be—
(a) the number of registered pupils at the school on 20th January 2000; or
(b) in the case of a special school, the appropriate number of places for which the school could be funded in accordance with these Regulations for the financial year beginning on 1st April 2000.

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Source: https://www.legislation.gov.uk/uksi/2000/478/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2000/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.