Inflation and the MFG Base rates will be increased by 2.5% in 2007/08 (inflation) However, the DfES guarantee schools a rate increase which is above inflation, known as the Minimum Funding Guarantee (MFG) In 2007/08 the MFG is a 3.7% increase (including inflation) Since 2006/07 the LSC have applied this MFG to 16-18 year old enrolments as an additional uplift within the FE funding formula The uplift (applied within the Learner Information Suite) in 2007/08 is 2.059%, calculated as follows: MFG Inflation 2006/072007/08 1.0341.037 1.025 x x = 1.02059
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