School funding allocations announced for 2023-24

The Government is setting out school funding allocations for local authorities for next year, following the extra £2 billion funding for schools for next year and the year after, which was announced in the Autumn Statement.

The funding allocations mean that funding for children and young people with complex special educational needs and disabilities will increase by almost £1 billion - a 10.6% increase compared to this year.
    
Special schools and alternative provision receive an average 3.4% per place increase in their funding in 2023-24, as a result of the additional funding from the Autumn Statement.
    
Funding for mainstream schools will increase by over £2.5 billion in 2023-24, compared to this year.
    
Local authorities will receive average funding increases of 3.4% for the 3- and 4-year-old free childcare entitlements and four per cent for the 2-year-old entitlement, as the Early Years National Funding Formulae are updated.

On top of this, the increased investment means pupil premium funding rates for 2023-24 will increase by 5% – equivalent to £180 million - compared to this year, supporting schools to raise educational outcomes for disadvantaged pupils. The increase will support schools to continue using high quality tutoring as a key means of targeted support for the children who need it most, and embed tutoring in schools long-term.

The Government has published the detailed methodology for how the new grant for mainstream schools will allocate additional funding following the Autumn Statement, so schools can plan for how much funding they should receive. All mainstream schools will receive their additional funding from April 2023.