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<p>On 6 December, the Department confirmed further details on how the £2 billion additional
funding for schools announced in the 2022 Autumn Statement will be allocated in 2023/24.</p><p>£400
million will be allocated to Local Authorities’ high needs budgets, with the rest
allocated to schools through a new grant, and to boost the pupil premium.</p><p>Mainstream
schools will receive this additional funding through a new grant from April 2023,
on top of the core funding allocations they receive via the National Funding Formula.
The methodology for calculating allocations for schools via this new grant will largely
mirror that of the 2022/23 Schools Supplementary Grant. The Department will publish
further details and funding rates for the new grant before the end of December 2022.</p><p>For
a typical primary school with 200 pupils, this new revenue equates to approximately
£28,000 additional funding. It equates to approximately £170,000 for a typical secondary
school with 900 pupils.</p><p>Local Authorities will be obliged to pass on increases
comparable to that for mainstream schools to special and alternative provision schools,
from the £400 million that will be allocated to their high needs budgets. The Department
will confirm details on how this will work shortly.</p><p> </p>
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