Schools: National Funding Formula

Clive Efford Excerpts

Thursday 14th September 2017 Commons Chamber

[Justine Greening]

We built a growth factor into the formula. We believe the formula will address growth better than the current system, which simply considers historical data. We will make projections and seek to compensate local authorities on the basis of accurate data, rather than just pure long-term historical projections, and that is important. It is one of the many reasons why this is a good step forward.

[Clive Efford (Eltham) (Lab)]

The Secretary of State has to accept that taking £2.7 billion out of education since 2015 and putting £1.3 billion back in leaves a £1.4 billion hole. That means schools are missing out. Will she undertake to write to every Member of the House with the per-pupil funding for each school, comparing the 2015 funding with the outcome of today’s announcement?

[Justine Greening]

We will be publishing a lot of data following this statement; the hon. Gentleman will have more than enough to look at. The point of introducing a funding formula is to make sure that schools that have been underfunded can start to catch up and to provide stability for better-funded schools. That is precisely what we are doing, and I am proud that we are able to achieve it.