The biggest funding boost for schools in a decade

Yesterday, Monday 30 September, the School Cuts coalition issued an immediate press release claiming that 4 in 5 schools will be worse off next year versus 2015, despite the new investment in schools. 

In August, the government announced a new school funding package, worth a total of £14bn over the course of three years. This includes £2.6 billion for 2020-21 followed by £4.8 billion for 2021-22, and £7.1 billion for 2022-23 in comparison to 2019-20. In addition to this we are providing £1.5 billion each year to fund additional pensions costs for teachers.

Our funding package includes over £700m for children with special educational needs and disabilities, whilst an extra £400m has been pledged to 16-19 education for 2020-21.

A Department for Education spokesperson said:

This Government has announced the biggest funding boost for schools in a decade which will give every school more money for every child. We are investing a total of £14bn more in schools over the next three years to 2022-23.

This means all secondary schools will receive a minimum of at least £5,000 per pupil next year while all primary schools will get a minimum of at least £4,000 from 2021-22 – with the biggest increases going to the schools that need it most. The IFS has said that this investment will restore schools’ funding to previous levels in real terms per pupil by 2022-23.