Operational funding payments
Information about quarterly instalments of the operations grant and changing bank account details.
We pay your school’s operational funding quarterly in a bulk grant by direct credit to your board of trustees’ bank account.
The funding year starts on 1 January and ends on 31 December.
We pay your quarterly funding instalments in advance at the beginning of each funding period. We do this to make sure that, when an entitlement is adjusted up or down, your board receives 100% of its entitlement for the current year, in the current year.
Operational funding: quarterly instalment timetable
Instalment paid first working day of:
Number of months
Percentage of remaining entitlement paid
|January||January to March||3 months||25%|
|April||April to June||3 months||33.3%|
|July||July to September||3 months||50%|
|October||October to December||3 months||100%|
How to change your bank account details
If you need to change the bank account we pay your operational funding payments into, you must fill out the ‘Change of bank account’ form and send it to us.
Send your form to:
Ministry of Education
PO Box 1666
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