Schools: Finance

(asked on 12th September 2018) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what plans he has to increase core funding for schools.


Answered by
Nick Gibb Portrait
Nick Gibb
This question was answered on 15th October 2018

This year the core schools budget has increased to £42.4 billion and will rise further to £43.5 billion in 2019‑20. This increase follows the additional £1.3 billion announced last year, over and above what was promised at the last Spending Review, which is being provided by prioritising front-line spending within the Department’s budget.

This means that funding for the average primary school class this year is £132,000, which is £8,000 more in real terms than in 2008. The same children will receive on average £171,000 when they move to secondary school, a real terms rise of £10,000 compared to a decade ago. Figures from the Institute for Fiscal Studies show that real terms per-pupil funding in 2020 for five to sixteen year olds will be more than 50% higher than it was in 2000.

Funding after 2019-20 will be determined at the next spending review.

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