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<p>The Government places a high priority on education, recognising its importance
to productivity and social mobility. At the 2015 Spending Review the overall envelope
for schools funding to 2019-20 was set, taking into account anticipated new costs
on schools. At the Spending Review, the core schools budget[1] was protected in real
terms - as a result, throughout this Parliament, the money available for our schools
will increase as pupil numbers rise.</p><p> </p><p>The new, fairer National Funding
Formula will ensure that the resources allocated at the Spending Review is distributed
fairly, consistently and transparently across the country to match school and pupil
need. This will end the current system where pupils and schools in identical circumstances
attract differing funding levels due to where they live.</p><p> </p><p> </p><p>We
are also committed to providing support for schools to make the most of their money.
In January, we published a wide range of tools and support available at: <a href="https://www.gov.uk/government/collections/schools-financial-health-and-efficiency"
target="_blank">https://www.gov.uk/government/collections/schools-financial-health-and-efficiency</a>,
and we recently launched a school buying strategy to support schools to save over
£1bn a year by 2019-20 on their non-staff spend.</p><p> </p><p>[1] https://www.gov.uk/government/publications/spending-review-and-autumn-statement-2015-documents</p>
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