The secretary of state for education Justine Greening has announced an investment of £1.3 billion into core schools funding, representing an “increase in basic per-pupil spending which will be maintained in real-terms” until the end of the current Spending Review period in 2019-20. Ms Greening has also confirmed the implementation of the National Funding Formula (NFF) in 2018-19 and extended the transitional phase for a further year; the government’s response to the NFF consultation, which received over 25,000 responses, is set to be delivered this September.
Commenting on the announcement, NGA’s deputy chief executive Gillian Allcroft said:
“The NGA are pleased that the government has listened to all those campaigning on school funding and has increased the amount of per-pupil funding for the next two years. We welcome the additional funding. However, it is disappointing to see the secretary of state referring to headteachers’ budgets, overlooking the fact that this is a governing board responsibility. We look forward to reading additional detail about the National Funding Formula in September.”
The increase in core schools funding will come from “efficiencies and savings” within existing DfE budget including £420 million from DfE capital funding, of which £315 million of funding will be redistributed from the healthy pupils capital programme. Further savings of £280 million will be made within the Free Schools programme, with 30 schools set to be delivered through local authority routes. Additional funding totalling £600 million will be redirected from central programmes to frontline spending within DfE resource budget. You can read the announcement in full here.