Schools: Finance

(asked on 7th March 2017) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what steps she is taking to ensure that schools' increased income through the National Funding Formula will not be outweighed by real-term changes to their funding over the next three years.


Answered by
Nick Gibb Portrait
Nick Gibb
This question was answered on 14th March 2017

School funding is at its highest level on record at more than £40bn in 2016-17 - and that is set to rise, as pupil numbers rise over the next two years, to £42 billion by 2019-20. Analysis by the Institute for Financial Studies (IFS) has also shown that spending per pupil almost doubled in real terms between 1997 and 2016.

The recent National Audit Office report on the Financial Sustainability of Schools is clear that it is reasonable to look to schools to make efficiencies, and that – based on variations in spending across schools with similar levels of challenge and achieving similar outcomes – the necessary savings are achievable without affecting educational outcomes.

We recognise that schools are facing cost pressures, which is why we will continue to provide support to help them use their funding in cost effective ways, including improving the way they buy goods and services, so‎ they get the best possible value.

We have produced tools, information and guidance for schools financial health and efficiency, which can be found at: https://www.gov.uk/government/collections/schools-financial-health-and-efficiency

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