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Schools: Finance

Department for Education written question – answered on 13th January 2020.

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Photo of Mark Hendrick Mark Hendrick Labour/Co-operative, Preston

To ask the Secretary of State for Education, whether his Department plans to increase the funding streams of all schools in England.

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

The Department has committed to increase core schools funding by £2.6 billion next year, and by £4.8 billion and £7.1 billion in 2021-22 and 2022-23 respectively. This has enabled a 5% increase to school funding next year alone, which will continue to be allocated via the National Funding Formula – ensuring that funding is based on schools’ and pupils’ needs and characteristics. On top of this, the Department will provide £1.5 billion per year to fund additional pension costs for teachers. As a result, every school will attract an increase to their core schools funding per pupil next year.

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