PARLIAMENTARY WRITTEN QUESTION
Schools: Finance (6 October 2017)
Question Asked
Asked by:
Mike Kane (Labour)
Answer
In July we announced an additional £1.3 billion for the schools budget across 2018-19 and 2019-20, over and above the budget announced at the 2015 spending review. Core funding for schools and high needs will rise from almost £41 billion in 2017-18 to £42.4 billion in 2018-19 and £43.5 billion in 2019-20. This will allow us to maintain school and high needs funding in real terms per pupil for the next two years.
As a result of this funding, no school will lose funding as a result of the National Funding Formula (NFF). The formula will allocate a cash increase in respect of every school and every local area from April 2018. Final decisions on local distribution will be taken by local authorities, but under the national funding formula every school will attract at least 0.5% more per pupil in 2018‑19, and 1% more in 2019-20, compared to its baseline.
All schools will attract higher levels of funding under the national funding formula, with 8,405 (42.3%) of all schools set to gain over 3% and 4,240 (21.4%) over 6%.1268 schools would receive gains of 10% or more compared to their baseline if the NFF were implemented in full immediately, and 79 schools would receive gains of 20% or more. Illustrative allocations for schools under the NFF is available at:
Answered by:
Nick Gibb (Conservative)
16 October 2017
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