Government vows £1.3bn additional funding for schools

Claudine Rigal
Juillet 18, 2017

Ms Greening said that the money - to offset the effects of a new funding formula for schools - proved that the government was "determined to listen" after the proposed new formula proved hugely unpopular during the general election campaign.

The Education Secretary said the investment would mean that core funding for schools and high needs would go up from nearly £41bn in 2017/18 to £42.4bn in 2018/19 and £43.5bn in 2019/20.

Ms Greening told MPs: "The significant investment we are making in schools in the reforms that we are introducing underpin our aim for a world class education system".

"The additional funding I'm setting out today, together with the introduction of a national funding formula, will provide schools with the investment they need to offer a world-class education to every single child".

The formula is created to address regional disparities in per-pupil funding and was announced before Christmas.

Ms Greening made the announcement in the House of Commons today, where she also confirmed that the national funding formula will go ahead as planned from 2018-19, although with a longer transition period.

Labour's Angela Rayner says this "raised more questions than answers" and said "there wasn't a penny of new money".

Instead, officials will take money from a healthy pupils scheme, the free schools programme and certain other parts of the DfE's budget to fund the hike in school revenue funding.

Under the plans announced by Ms Greening on Monday, the overall core schools budget will rise from £41bn in 2017-18 to £43.5bn in 2019-20.

She pledged to find another £600m of savings with the increase providing at least £4,800 per pupil for every secondary school. "Any additional funding is welcome, as is the decision to review the efficiency of the Free Schools programme".

She added that this investment would increase the basic amount of funding for every pupil, with up to 3% gain per year per pupil for underfunded schools and a 0.5% increase per pupil for every school.

"We are concerned that this is money saved from elsewhere in the education budget and not "new" money from the Treasury and we will be examining the implications".

More details on the shake up of how schools are funded will be announced in September.

Chris Keates, general secretary of the teaching union the NASUWT, said:"This appears to be a recycled announcement of recycled money, reflecting previous ministerial statements".

Earlier this month, it was reported that Ms Greening had demanded that the government publicly commit, before the summer holiday, to give schools an extra £1.2 billion.

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