Education: Finance

Department for Education written question – answered on 24th January 2022.

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Photo of Bridget Phillipson Bridget Phillipson Shadow Secretary of State for Education

To ask the Secretary of State for Education, whether he plans to make any substantive changes to the National Funding Formula for the 2023-24 financial year.

Photo of Robin Walker Robin Walker The Parliamentary Under-Secretary of State for Scotland, Minister of State (Education)

The department updates the national funding formula (NFF) annually and publishes the confirmed formula in advance of the dedicated schools grant (DSG).

We have already announced one substantive change in 2023-24, which is to roll the schools supplementary funding, worth £1.2 billion in the 2022-23 financial year, into the NFF. The schools supplementary grant will be allocated in the form of a separate grant for 2022-23 only and will be subsequently rolled into the yearly DSG allocations for the remainder of the spending review period.

In addition, in our consultation on 'Fair School Funding for All: Completing the Reforms to the national funding formula', published in July 2021, we set out further proposals for developing the schools NFF to improve the premises factors in the NFF. These proposals include reforming the approach to funding for schools experiencing significant growth in pupil numbers and beginning the process of transition to a directly funded formula within the NFF in 2023-24.

We will announce the outcome of that consultation, including any changes to be introduced in 2023-24, in due course.

In December, schools, high needs and early years funding allocations for 2022-23 financial year have been published through the DSG: 2022 to 2023 guidance, available here: https://www.gov.uk/government/publications/dedicated-schools-grant-dsg-2022-to-2023, and the schools supplementary grant 2022 to 2023 guidance, available here: https://www.gov.uk/government/publications/schools-supplementary-grant-2022-to-2023.

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