School Budgets: Impact of Inflation

Part of Education – in the House of Commons on 4th July 2022.

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Photo of Robin Walker Robin Walker The Parliamentary Under-Secretary of State for Scotland, Minister of State (Education)

Our increases in school funding have been front-loaded to get money to schools rapidly, so this year core schools funding is increasing by £4 billion—a 7% cash boost per pupil. Our national formula also targets that funding towards areas of deprivation. It includes an FSM factor, which means that all pupils on free school meals will attract additional funding. The total amount allocated through deprivation factors in the national formula is increasing by £225 million, or 6.7%, in the next year, compared with last year.