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LMS Scheme and Guidance

Finance, LMS Scheme and Guidance

From 1st April 2005, all schools in Northern Ireland are funded under the arrangements set out in the Common Funding Scheme, using a Common Formula. This single formula replaces the seven separate formulae that had previously been used to fund schools.


The Education and Library Boards (ELBs) were dissolved on 31 March 2015. The Education Authority was established on 01 April 2015 and is now responsible for all of the operational functions previously carried out by the five ELBs in accordance with the Education Orders.

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