Schools in England are set to receive their highest ever funding in real terms, totalling almost £60 billion for 2024-25 as the government has announced the extra funding they will receive through the National Funding Formula (NFF). As part of this, schools in North East Bedfordshire will receive £99,278,683.
Overall, funding will be at its highest ever level in real terms per pupil in 2024-25, as measured by the independent Institute for Fiscal Studies (IFS) – underlining the government’s commitment to education.
This follows news that teachers in England have been given the highest pay award for 30 years of 6.5%, following government accepting in full the recommendations set out by the independent pay review body. In doing so, the Government will be delivering on its manifesto commitment to raise the minimum starting salary for teachers to £30,000 from September.
Nationally, funding for mainstream schools through the schools NFF will increase by 2.7% per pupil in 2024-25 (compared to this year), as schools continue to benefit from the additional funding announced in the Autumn Statement. For 2024-25, every mainstream school will attract at least £4,655 per pupil for primary schools and at least £6,050 per pupil in secondary schools through the NFF.
The schools NFF funding sits on top of the additional funding for teachers’ pay announced in July 2023. The Teachers Pay Additional Grant (TPAG) provides £482.5 million in 2023-24, and £827.5 million in 2024-25 for mainstream schools, special schools and alternative provision schools.
Richard Fuller MP said:
I welcome this announcement by the Education Secretary on National Funding Formula allocations for 2024-25.
The result of these allocations will mean that school funding will be at its highest level ever, with schools in North East Bedfordshire receiving almost £100 million.
Schools’ national funding formula allocations are also available to view on a user friendly tool here: https://skillsfunding.service.gov.uk/national-funding-formula/
The full provisional NFF allocations for each local authority at the following link: https://www.gov.uk/government/publications/national-funding-formula-tables-for-schools-and-high-needs-2024-to-2025
