Schools: Finance

Department for Education written question – answered on 15th September 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 her oral statement of 17 July 2017, Official Report, column 567, what proportion of the £2.6 billion over two years in funding for schools was not announced in the 2015 Spending Review.

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

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.

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