Schools: Finance

Department for Education written question – answered at on 21 November 2022.

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Photo of David Morris David Morris Conservative, Morecambe and Lunesdale

To ask the Secretary of State for Education, whether he plans to provide additional financial support to schools in 2023-24 to help meet demands as a result of (a) pay increases for teaching staff agreed in July 2022, (b) rising inflation and (c) the introduction of a minimum expectation for the length of the school week by September 2023.

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

The Government is prioritising further funding for schools. The 2022 Autumn Statement has provided an additional increase in the core schools budget, including funding for both mainstream schools and high needs, of £2.3 billion in both 2023/24 and 2024/25. After adjusting to take account of the removal of the compensation for employer costs of the Health and Social Care Levy, this brings the core schools budget to a total of £58.8 billion in 2024/25, £2 billion greater than published at the Autumn Budget and Spending Review 2021.

Schools' funding is £4 billion higher this year than last year. It will rise by another £3.5 billion, on top of that, next year. This means a 15% increase in funding in two years. This significant increase in funding will help schools to meet increased pay awards for both teaching and non-teaching staff, wider inflationary costs such as energy costs, and enable schools to meet their White Paper commitments, including the minimum 32.5-hour school week.

These increases will deliver significant additional support to pupils and teachers, helping to deliver on the Government’s commitment to level-up education across the country.

The Department knows that every school’s circumstances are different. If schools are in serious financial difficulty, the Department encourages them to contact their Local Authority or the Education and Skills Funding Agency, who can provide advice and, in exceptional circumstances, financial support.

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