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<p>On 17 July, I announced that the Department for Education will allocate £390 million
to the least fairly funded local areas in 2015-16. This is the biggest step towards
fairer schools funding in a decade. It puts us in a much better position to implement
a national funding formula when the time is right – after the next spending review,
when there are multi-year public spending plans, and the Department can give greater
certainty to schools about how the formula will affect them.</p>
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