Education Funding Update:Written statement - HCWS1811

WS
Department for Education
Made on: 03 September 2019
Made by: Gavin Williamson (The Secretary of State for Education)
Commons

Education Funding Update

Today I will be making an Oral Statement in the House, updating on the schools and colleges funding package announced by the Prime Minister last weekend.

The package includes a cash increase compared to 2019-20 of £2.6bn to core schools funding next year, with increases of £4.8bn and £7.1bn in 2021-22 and 2022-23 respectively.

This is in addition to the £1.5bn per year that we will continue to provide to fund additional pension costs for teachers over the next three years.

We will also be investing an extra £400m in 16-19 education next year – the single biggest annual increase for the sector since 2010.

My statement will set out core schools funding at a national level. Illustrative school level allocations and provisional local authority level allocations through the schools and high needs National Funding Formulae will be announced next month. I will then write to members with further details on the impact for schools and local areas.

This statement has also been made in the House of Lords: HLWS1774

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