Richard has welcomed extra funding from the government, providing schools in North East Bedfordshire with £3,122,054 in extra funding, as part of £2 billion this year and next for primary schools and secondary schools in England.
Every state school in England will receive extra cash following the additional £2 billion investment. A typical primary school will receive approximately an extra £35,000, and £200,000 for a typical secondary school.
The Institute for Fiscal Studies has highlighted this uplift will mean 2024–25 will be the highest spending year in history for schools. In total the schools budget will be £58.8 billion in 2024-25 – meaning the government is putting more into school than ever before.
It also means school funding is set to rise faster than forecast inflation in both 2023–24 and 2024–25.
A typical primary school will 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 remainder of the £2 billion funding boost will be used to increase Pupil Premium funding rates, which are rising by five per cent in 2023–24. This extra funding will support disadvantaged pupils, local authorities’ high needs budgets, and special schools, making sure every child with special educational needs and disabilities receives the support and high quality education they deserve.
Commenting, Richard Fuller MP said:
With school funding set to be at its highest ever level next year, even accounting for inflation, schools are being supported to let teachers get on and do what they do best - teach.
The government is delivering on its commitment to provide a world-class education and deliver opportunity for all – wherever they come from and whatever their background.
