# The Financing of Maintained Schools (England) Regulations 2001, Paragraph 2


Subject to paragraphs 3, 4 and 5, the protected level of funding for the financial year beginning on 1st April 2001 for each school to which regulation 20 applies shall be calculated according to the formula—
(a-b)c×1.050625×d Where
“a” and “b” have the values previously ascribed to them by the Secretary of State for the purposes of Schedule 4 to the 1999 Regulations;
“c” is the number appearing to the local education authority to be the number of registered pupils at the school on 15th January 1998 save that if “c” for the purposes of Schedule 4 to the 1999 Regulations was determined by the Secretary of State in accordance with paragraph 4(c) of that Schedule, then, to the extent that it was so determined other than on the basis of full-time equivalent pupil numbers, the local education authority may, if they consider it reasonable to do so, determine “c” substituting corresponding full-time equivalent pupil numbers; and
“d” is the number appearing to the local education authority to be—
(a) where the number of registered pupils at the school on 18th January 2001 is greater than the number of registered pupils at the school on 20th January 2000, the number of registered pupils at the school on 20th January 2000 plus 85 per cent. of the difference between those two sets of pupil numbers, such difference being rounded to the nearest whole number (with half being rounded up); or
(b) where the number of registered pupils at the school on 18th January 2001 is less than the number of registered pupils at the school on 20th January 2000, the number of registered pupils at the school on 20th January 2000 less 85 per cent. of the difference between those two sets of pupil numbers, such difference being rounded to the nearest whole number (with half being rounded up); or
(c) where the number of registered pupils at the school on 18th January 2001 is the same as the number of registered pupils at the school on 20th January 2000, the number of registered pupils at the school on 18th January 2001; or
(d) 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 2001.

---
Source: https://www.legislation.gov.uk/uksi/2001/475/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2001/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.