School funding for 5-16 year olds is set to be more than 50% higher in 2020 than in 2000, and the core schools budget will be £43.5 billion by 2019/20.
The Institute for Fiscal Studies (IFS) estimate that between 1999/00 and 2009/10, school spending grew by around 5% each year, in real terms per pupil. Funding was protected in real terms per pupil between 2010/11 and 2015/16. It was protected in real terms overall between 2015/16 and 2017/18. The Department is committed to protecting funding in real terms per pupil between across 2018/19 and 2019/20, following an additional £1.3 billion in July 2017, over and above plans set out at the 2015 Spending Review.