PARLIAMENTARY WRITTEN QUESTION
Schools: Finance (4 October 2024)

This government is increasing overall core revenue funding for schools to almost £61.8 billion this financial year (2024/25). In July, the department announced that it is providing schools with almost £1.1 billion of additional funding in the 2024/25 financial year through the new core schools budget grant (CSBG), to support them with overall costs. This matches what the department has calculated is needed to fully fund, at a national level, the teacher pay award and the support staff pay offer in the 2024/25 financial year, after accounting for the available headroom in schools’ existing budgets.

This increase in funding shows the government’s commitment to supporting schools as a part of the government’s mission to break down barriers to opportunity.

Departmental expenditure limits for the 2025/26 financial year are yet to be agreed across government and will be set alongside the Budget on 30 October. This will include schools’ funding in the 2025/26 financial year.