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Written question asked by Lord McCabe (Labour) on Thursday, 14 April 2022, in the House of Commons. It was due for an answer on Wednesday, 20 April 2022. It was answered by Robin Walker (Conservative) on Monday, 25 April 2022 on behalf of the Department for Education.

Schools: Finance

Question

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.

Answer

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.

Secondary information

Type
Written question
Reference
153723
Session
2021-22
Subjects
Finance Inflation Schools
Link
View this Written question on www.parliament.uk