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The Government is committed to providing a world class education system for all children. The Autumn Statement 2022 announced additional funding of £2 billion in 2023/24 and 2024/25, over and above totals announced at the 2021 Spending Review. This means funding for mainstream schools and high needs is £3.5 billion higher in 2023/24, compared to 2022/23. That is on top of the £4 billion, year on year increase provided in 2022/23. This represents an increase of £7.5 billion, or over 15%, in just two years.<\/p>
\u200bTotal funding for both mainstream schools and high needs will total £58.8 billion in 2024/25, the highest ever level in real terms per pupil. After accounting for the new pay offers in 2023, the Institute for Fiscal Studies estimates that school funding is still growing faster than school costs.<\/p>
\u200bIn addition to this core revenue funding, schools receive funding through a number of separate streams. This includes the Universal Infant Free School Meals funding, the recovery premium and the National Tutoring Programme to support education recovery following the COVID-19 pandemic.<\/p>