Schools: Funding

Lord Lansley Excerpts

Tuesday 22nd March 2016 Lords Chamber

[Lord Nash]

The simple fact is that we inherited a funding formula from the Labour Government which was incomprehensible and confusing and which, through centralist diktats, got more and more complicated. We have to simplify it.

[Lord Lansley (Con)]

My Lords, the Government’s announcement of a national funding formula, and its implementation in my own county of Cambridgeshire, is extremely welcome. Following the Chancellor of the Exchequer’s announcement in the Budget last week of an additional £500 million to support the introduction of the national funding formula, can my noble friend give an indication of how quickly the transition from the present situation to meeting the target allocations in each part of the country will be achieved?

[Lord Nash]

We will introduce the national funding formula for schools in high need from 2017-18 but the length of time it will take for all schools to reach their formula will be considered in the second stage of the consultation. We want areas that appear to be underfunded—I am aware that that is the case in Cambridge—to have their funding improved as quickly as possible, but also to move at a pace that is manageable for all schools.