Schools: Finance

Department for Education written question – answered at on 19 October 2023.

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

To ask the Secretary of State for Education, with reference to the letter from Susan Acland-Hood to the Chair of the Education Select Committee on National Funding Formula Update, published on 6 October 2023, what is the (a) scope and (b) terms of reference for the internal review into the miscalculation in the total amount of funding allocated to schools for the 2024-25 financial year; and when will the review conclude.

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

The Secretary of State for Education has asked the Department’s Permanent Secretary to conduct a formal review of the quality assurance process surrounding the calculation of the schools National Funding Formula figures. This will provide external and independent scrutiny. Peter Wyman CBE will lead this review, and will be supported in his work by an expert panel drawn from outside the Department. The timing and terms of reference of the review have yet to be finalised, but the expectation is that it will conclude before Christmas.

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