In July 2017 My 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. This means funding per pupil for schools and high needs will be maintained in real terms for the next two years.
We trust schools to manage their own budgets and only a small percentage are operating with a cumulative deficit, with far more schools having a surplus. In 2015-16, 16 schools in England had an overall cumulative surplus of almost £4.5 billion, against a cumulative deficit of £200 million.
Academies are able to raise concerns about their individual institution’s finances with their regional contacts in the Education and Skills Funding Agency. Concerns about the finances of individual maintained schools should be raised with their maintaining local authority. If individual academies or maintained schools have concerns over the local distribution of funding, they should discuss this with their school forum.