PARLIAMENTARY WRITTEN QUESTION
Schools: Finance (18 June 2020)

We are giving schools the largest cash boost in a decade, which will give every school more money for every child. Core schools funding will increase by £2.6 billion in 2020-21, £4.8 billion by 2021-22, and £7.1 billion by 2022-23, in comparison to 2019-20. We have continued to distribute this funding through the National Funding Formula, which ensures that funding is based on schools’ and pupils’ needs and characteristics, and not on accidents of geography or history.

The National Funding Formula ensures that every school will receive more money for every pupil next year. On average, schools are attracting 4.2% more per pupil in 2020-21 compared to in 2019-20. We are delivering the greatest gains to areas which have been historically underfunded, removing the previous cap on gains so that increases in funding now flow through in full. We are also levelling up the lowest funded schools to ensure they have the right investment to deliver an outstanding education. Every secondary school is receiving at least £5,000 per pupil, and every primary school at least £3,750 next year – putting primary schools on the path to receiving at least £4,000 per pupil from next year.

The formula also ensures that every school is receiving an increase to their pupil-led per pupil funding of at least 1.84% next year compared to their previous year’s allocation.