Mr Rt hon. Friend, the Secretary of State, announced an additional £1.3 billion for schools and high needs across 2018-19 and 2019-20, in addition to the schools budget set at Spending Review 2015. Core funding for schools will rise from almost £41 billion in 2017-18 to £42.4 billion in 2018-19 and £43.5 billion in 2019-20, representing an increase in the total schools budget of over 6% between this year and 2019-20. This means that funding per pupil will now be maintained in real terms for the remaining two years of this Spending Review.
This represents £1.3 billion in additional investment: £416 million more than was set aside at the last Spending Review for the core school budget in 2018-19, and £884 million more in 2019-20.
This extra investment will be funded by efficiencies and savings within the Department’s budget.