The national funding formula for schools will allocate a cash increase in respect of every school and every local area from April 2018. Final decisions on local distribution will be taken by local authorities, but under the national funding formula every school will attract at least 0.5% more per pupil in 2018‑19, and 1% more in 2019-20, compared to its baseline. 41.3% of schools will benefit as a consequence of the funding floor.
The NFF will provide for gains for underfunded schools of up to 3% per pupil in 2018-19 and a further 3% per pupil in 2019-20. Of these schools, 4,240 schools or 21.4% are set to gain at least 6% by 2019-20. The lowest funded schools will benefit from the minimum per pupil funding level of £4,800 for secondary schools and £3,500 for primary schools. The minimum level of funding will not be subject to the gains cap within the national funding formula, and so will deliver faster gains in respect of the very lowest funded schools.
Full details of the formula and its impact is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/648532/national_funding_formula_for_schools_and_high_needs-Policy_document.pdf.