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<p>The Government is committed to providing a world class educational system for all
pupils and has provided significant funding to achieve that. The National Funding
Formula (NFF) distributes funding fairly based on schools’ and pupils’ needs and characteristics.</p><p>The
Department have now published the NFF for schools and high needs 2024/25, which can
be found at: <a href="https://www.gov.uk/government/publications/national-funding-formula-for-schools-and-high-needs"
target="_blank">https://www.gov.uk/government/publications/national-funding-formula-for-schools-and-high-needs</a>.
It will mean core 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). This
demonstrates the Government’s commitment to ensuring every pupil receives a world
class education.</p><p>The NFF targets additional funding to schools which have the
greatest number of pupils with additional needs. The 2024/25 NFF will target a greater
proportion of funding towards deprived pupils than ever before. Over £4.5 billion,
or 10.1%, of the schools NFF has been allocated through deprivation factors in 2024/25.
Over £7.9 billion, or 17.8%, will be allocated for additional needs overall. This
will help schools in their vital work to close attainment gaps and level up educational
opportunities.</p><p>On top of this core funding through the NFF, Pupil Premium provides
additional funding to support disadvantaged pupils. Pupil Premium rates have increased
by 5% in 2023/24, taking total Pupil Premium funding to nearly £2.9 billion. Pupil
Premium rates for 2024/25 will be announced later this year, in line with the usual
timetable.</p><p> </p>
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