Question to the Department for Education:
To ask the Secretary of State for Education, what recent assessment he has made of the potential impact of projected inflation rates on real-terms funding for schools.
This government continues to deliver year on year, real terms per pupil increases to school funding, with the total core school budget increasing to £56.8 billion by 2024/25, a £7 billion cash increase, compared with 2021/22.
Future increases in funding have been frontloaded to rapidly get money to schools, so that in 2022/23 alone core schools funding will increase by £4 billion compared to 2021/22. This means that the total funding allocated to schools and high needs will see a 7% cash terms per pupil boost in 2022/23, compared to 2021/22. As part of this investment, mainstream school funding for 5-16 year olds is increasing by £2.5 billion in 2022/23, compared to this year. This is equivalent to an average 5.8% cash increase per pupil.
More information on school revenue funding from 2010/2011 through to 2022/2023, including the department’s latest statistical release from January 2022, is available at: https://explore-education-statistics.service.gov.uk/find-statistics/school-funding-statistics.