The following table shows the total amount of formula grant, which comprises Revenue Support Grant, redistributed business rates, principal formula Police Grant, SSA Reduction Grant (SSA Review). SSA Reduction Grant (Police Funding Review) and Central Support Protection Grant, where appropriate, for all authorities, the previous year's formula grant adjusted for changes in funding and function to enable like-for-like comparisons, the change in formula grant and the percentage change in formula grant for the period 1997-98 to 2007-08.
Current year Previous year's adjusted formula grant (£ million) Current year's formula grant(£ million) Change (£ million) Percentage change 1998-99 34,799.547 35,436.867 637.320 1.8 1999-2000 35,436.867 37,110.829 1,673.962 4.7 2000-01 37,110.980 38,516.380 1,405.400 3.8 2001-02 38,343.957 40,024.446 1,680.489 4.4 2002-03 38,399.009 40,323.132 1,924.123 5.0 2003-04 41,444.087 43,894.370 2,450.282 5.9 2004-05 43,706.797 46,124.222 2,417.425 5.5 2005-06 46,428.755 49,015.925 2,587.170 5.6 2006-07 24,091.464 24,813.914 722.450 3.0 2007-08 24,706.400 25,633.008 926.608 3.8
Prior to 2006-07 support for schools was provided via formula grant; from 2006-07 onwards support for schools was provided via the Dedicated Schools Grant.