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<p>The 2022 Autumn Statement has provided an additional increase in the core schools’
budget of £2.3 billion for both financial years 2023/24 and 2024/25.</p><p>Taking
the Dedicated Schools Grant allocations and the additional funding announced in the
2022 Autumn Statement together, core schools funding is increasing by £3.5 billion
in 2023/24, compared to 2022/23. This takes the total core schools budget for 2023/24
to £57.3 billion. The core schools budget will total £58.8 billion in 2024/25.</p><p>The
‘lagged’ funding system in the schools National Funding Formula, where schools are
funded on the basis of their pupil numbers in the previous October census, helps to
give schools more certainty over funding levels. This aids their planning, and is
particularly important in giving schools that see year on year reductions in their
pupil numbers time to re-organise their staffing and costs.</p><p>Local Authorities
are also allocated growth funding, which they can use to support schools with falling
rolls. This funding can be used to support good and outstanding schools with falling
rolls where local planning data shows that the surplus places will be needed with
the next three financial years. In 2022/23, 24 out of 150 Local Authorities chose
to have falling rolls funds.</p><p>The Department has consulted on changes to the
role of the Local Authority in managing pupil growth, and falling rolls, as part of
our consultation ‘Implementing the Direct National Funding Formula’. This included
proposals on allowing some additional flexibility on how Local Authorities can operate
their falling rolls funds.</p><p>The Department will publish the Government response
to this consultation in spring 2023.</p>
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