Education Funding Update:Written statement - HLWS1774

WS
Department for Education
Made on: 03 September 2019
Made by: Lord Agnew of Oulton (The Parliamentary Under Secretary of State (Minister for the School System))
Lords

Education Funding Update

My right honourable friend the Secretary of State for Education (Gavin Williamson) has made the following Written Ministerial Statement.

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 Commons: HCWS1811

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