Schools across England are set to receive a £4.8 billion boost in 2021 compared with 2019, in the next step to level up funding across the country.
Funding figures released today (Monday 20th July) show how every pupil is to benefit from the second year of the Government’s school funding settlement worth a total of £14.4 billion over three years – the biggest increase in a decade.
Schools are already benefitting from this year’s increase of £2.6 billion, reflecting the first year of the settlement. The investment will continue to deliver on the Prime Minister’s pledge to level up education funding and give all young people the same opportunities to succeed, regardless of where they grow up or go to school.
Funding is being allocated through the transformative national school funding formula, which ensures schools from the largest city secondaries to the smallest community primaries are allocated funding more fairly to meet their pupils’ needs. This has replaced the unfair and outdated previous system, where schools with similar characteristics received very different levels of funding with little or no justification.
New data published today shows that two thirds of local authorities have now moved towards allocating their funding for schools based on the national funding formula, meaning that funding for schools is fairer.
Schools are also set to receive significant investment from the Government’s £1 billion Covid catch-up package next academic year, with guidance and funding for schools published today (Monday).
Prime Minister Boris Johnson said:
Every child deserves a superb education – regardless of which school they attend, or where they happened to grow up.
That is why we are providing additional funding now and for the future for every school – with those historically underfunded receiving the greatest increase.
I want to again thank teachers, childcare workers and support staff for the brilliant work they have done throughout the pandemic, and for the preparations underway to welcome back all children from September.
Our £1 billion covid catch-up package, on top of these increases in per pupil funding, will help head teachers support those who have fallen behind while out of school, and deliver a superb education for all children across the country.
Education Secretary Gavin Williamson said:
This year has been incredibly challenging for schools, teachers, and students due to the COVID-19 outbreak, with everyone working in education going to incredible lengths to support children and ensure they can get back to the classroom.
Not only are we confirming another year of increased and better targeted funding for our schools, but with our transformative national funding formula we are making sure the money is distributed fairly across the country so all schools can drive up standards. With two thirds of local authorities now having moved towards the national funding formula, it is time for the remainder to follow suit and ensure fairness for every child.
Our £1 billion Covid catch up fund comes on top of this £14.4 billion three-year school funding boost, meaning that this government is leaving no stone unturned in levelling up opportunities for every young person up and down the country.
Each secondary school will attract a minimum of £5,150 per pupil and each primary a minimum of £4,000 per pupil under the national funding formula from 2021, up from the £5,000 and £3,750 which schools are receiving this year in the first year of the funding settlement.
Extra funding for small and remote schools will increase by over 60 per cent, reflecting the financial challenges that these schools can face, and the unique role they play in local communities. Pupils and families in rural areas from Cumbria to Norfolk will benefit from support for their local schools to remain financially secure.
An additional protection built into the funding formula means every pupil, regardless of the amount of funding they currently receive, will attract a year-on-year increase of at least two per cent.