The phrase "funding system" refers to a method or process of providing money or financial resources for a particular purpose or organization. Full definition
The fairness of the current school funding system depends on where you sit, he said. (washingtonpost.com)
The measure was unexpectedly put in to the bill so it would be in place in time for the introduction of the new funding system for universities - and higher fees. (bbc.co.uk)
The announcement is in addition the # 6 billion per year investment for childcare by 2020 and follows the recent publication of a new funding system for early years education. (educationbusinessuk.net)