Cash boost for schools to manage higher costs

EB News: 27/04/2023 - 09:24

States schools in England will get a cash boost in May for the next academic year, to manage higher costs such as energy bills and teacher pay.

The £2 billion investment will see a typical primary school receive approximately £35,000 and a typical secondary school approximately £200,000, with the first payments by the 10th May.

The majority of this funding is allocated on a per-pupil basis, and disadvantaged pupils attract additional funding to their school. The allocations also factor in differences in wage costs between areas.

Schools can choose how to invest the extra funding, however it is primarily expected to support salary uplifts for teachers and teaching assistants and help with increased running costs, school trips and learning materials.

The Department for Education is also responding to a consultation on the National Funding Formula (NFF) which is used to allocate school funding, considering a range of factors such as the number of pupils, their needs and the school site.

Among the changes being introduced, and in recognition of falling pupil numbers across some areas of the country, is the removal of a requirement for schools to be Ofsted rated good or outstanding in order to be eligible for additional funding to help manage a significant decline in pupil numbers. Schools will need to show that places will be required within five years.

Councils will also be set expectations around the minimum funding they must provide to support schools seeing a significant increase of pupil numbers. Schools with more than one site will also now receive funding on a consistent national basis to go towards the additional costs they face due to the need to duplicate services, like caretaking, across sites.

The consultation response sets out changes to the formula from 2024-25 and reconfirms the Department’s commitment to move to a ‘direct’ NFF, in which funding for individual schools will be set by a single, national formula – rather than each local authority having its own local formula to allocate funding for individual schools. The changes will make the system fairer, more efficient and predictable.