The School Funding, Budget Statements and Outturn Statements (No. 2) (Wales) Regulations 2026 update
An update on new regulations that establish the financial framework for maintained schools in Wales from 2027. Updated in August 2026.
The School Funding, Budget Statements and Outturn Statements (No. 2) (Wales) Regulations 2026 set the statutory requirements on how local authorities fund education and report on their education budget and spending. They were laid on 1 July 2026 alongside the Explanatory Memorandum. They come into force on 31 January 2027 and apply to financial years starting on or after 1 April 2027. This will allow local authorities time to consult and update any processes or policies.
The Regulations aim to provide greater transparency, comparability and consistency in the system, to allow informed budget discussions at all levels.
Guidance for local authorities on the School Funding, Budget Statements and Outturn Statements (No. 2) (Wales) Regulations 2026 and statutory guidance on schemes for financing local authority maintained schools are available on our website.