Schools: Finance

Department for Education written question – answered on 29th March 2017.

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Photo of Angela Rayner Angela Rayner Shadow Secretary of State for Education

To ask the Secretary of State for Education, pursuant to the announcement made by the Chancellor of the Exchequer in the Budget Statement, 16 March 2016, Official Report, column 963, on a fair national funding formula, how £500 million of funding has been allocated to date; and how much is allocated for future spending.

Photo of Nick Gibb Nick Gibb Minister of State (Education)

We have protected school funding so the amount per pupil remains the same during this Parliament. We will be spending an additional £500 million over and above this amount as we introduce the national funding formula. Of this £500 million, we are spending an extra £200 million a year in 2018-19 and 2019-20 on schools. This allows us to combine increases in funding of up to 5.5% in the first two years of the national funding formula with significant protection for those schools due to lose funding. Funding for pupils with a high level of special educational needs is also increasing, which allows us to provide increases of up to 6% in the first two years of the funding formula and protection so that no local authority loses any funding for high needs.

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