Schools: Finance

(asked on 14th April 2022) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what recent assessment he has made of the potential impact of projected inflation rates on real-terms funding for schools.


Answered by
Robin Walker Portrait
Robin Walker
This question was answered on 25th April 2022

This government continues to deliver year on year, real terms per pupil increases to school funding, with the total core school budget increasing to £56.8 billion by 2024/25, a £7 billion cash increase, compared with 2021/22.

Future increases in funding have been frontloaded to rapidly get money to schools, so that in 2022/23 alone core schools funding will increase by £4 billion compared to 2021/22. This means that the total funding allocated to schools and high needs will see a 7% cash terms per pupil boost in 2022/23, compared to 2021/22. As part of this investment, mainstream school funding for 5-16 year olds is increasing by £2.5 billion in 2022/23, compared to this year. This is equivalent to an average 5.8% cash increase per pupil.

More information on school revenue funding from 2010/2011 through to 2022/2023, including the department’s latest statistical release from January 2022, is available at: https://explore-education-statistics.service.gov.uk/find-statistics/school-funding-statistics.

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