SOCIO-ECONOMIC STATUS (SES) SCHOOL FUNDING MODEL IS INTRODUCED

A significant change occurs in the process for calculating school funding.

The Socio-Economic Status model (SES) replaces the Educational Resources Index (ERI).

The ERI measures a school’s capacity to raise funds. The SES measures the individual school community’s socio-economic status.

The SES is phased in between 2001 and 2004, which leads to significant increases in funding for many Independent schools.