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<p>This Government is committed to providing a world class education system for all
pupils and has provided significant funding for education to achieve that.</p><p>The
2022 Autumn Statement announced additional funding of £2 billion in each of the 2023/24
and 2024/25 financial years, over and above totals announced at the 2021 Spending
Review. Of this additional funding, £400 million will be allocated to Local Authorities’
high needs budgets. The rest of the £2 billion will be allocated to schools through
a new grant for mainstream schools and boosting the Pupil Premium funding rates. For
mainstream schools, additional funding through the Mainstream Schools Additional Grant
is worth on average 3.4%, or £192, per pupil in 2023/24, and is being provided on
top of the allocations based on the National Funding Formula announced in July. A
typical primary school with 200 pupils will receive approximately £35,000 in additional
funding, and a typical secondary school with 900 pupils approximately £200,000.</p><p>This
means funding for mainstream schools and high needs is £3.5 billion higher in the
2023/24 financial year, compared to 2022/23. That is on top of the £4 billion, year-on-year
increase provided in the 2022/23 financial year, which is an increase of £7.5 billion,
or over 15%, in just two years.</p><p>Funding for both mainstream schools and high
needs will total £58.8 billion in 2024/25, which is the highest ever level in real
terms per pupil. This assessment has been confirmed by the independent Institute for
Fiscal Studies.</p><p>The Government provides these increases to school revenue budgets
so that schools can cover cost increases in the year ahead and can continue to concentrate
funding in the areas that have a positive effect on educational attainment, including
high quality teaching and targeted support to the pupils who need it most.</p><p>A
recent Education Hub post provides a helpful illustration of how different costs are
covered nationally from within mainstream schools’ existing funding. The Hub post
is available at: <a href="https://educationhub.blog.gov.uk/2023/03/28/teacher-strikes-latest-everything-you-need-to-know-about-the-teacher-pay-offer/"
target="_blank">https://educationhub.blog.gov.uk/2023/03/28/teacher-strikes-latest-everything-you-need-to-know-about-the-teacher-pay-offer/</a>.
Whilst this Hub post was written in relation to the 4.5% teacher pay offer in March,
the Department’s calculations show that even after accounting for the increases to
teachers’ and support staff pay in 2022, a total of £2.4 billion nationally will remain
in mainstream schools’ budgets to cover other cost rises.</p><p>In its calculations,
the Department assesses the effect of increases in spending across three broad categories:
teaching staff, non-teaching staff and non-staff related expenditure, but does not
analyse increases in specific categories of spending, such as paper.</p>
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