Our proposals for funding reform mean that schools and local authority areas would, for the first time, receive a consistent and fair share of the schools budget, so that they can give every child the opportunity to reach their full potential. The consultation on the second stage runs until 22 March. In Gloucestershire, funding would rise from £331.5 million to £334 million because of the national funding formula, on the basis of the 2016-17 figures, which is a rise of 0.8%.