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The Government is increasing school funding nationally by £14 billion over the next three years. Funding will increase by £2.6 billion in 2020-21, followed by increases of £4.8 billion and £7.1 billion in 2021-22 and 2022-23 respectively, compared to 2019-20.
The Department will continue to distribute this funding through the National Funding Formula, which ensures that funding is based on schools’ and pupils’ needs and characteristics. This will ensure that per pupil funding for every school can at least rise in line with inflation next year and faster than inflation for most.
In 2020-21, Luton will attract an additional £5.5 million in total cash funding in its schools block – a 3.1% increase compared to this year. This will take Luton’s total cash funding up to £181.4 million. In addition, Luton will receive £33 million in its high needs block to help support children with complex special educational needs – a cash increase of £4.5 million.