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<p>For the first time school funding is being distributed according to a formula based
on the individual needs and characteristics of every school in the country. This will
direct resources where they are needed most, and provide transparency and predictability
for schools. The formula is responsive to changes in pupil characteristics, and reflects
differences in labour market costs.</p><p> </p><p>The introduction of the national
funding formulae is supported by significant extra investment of £1.3 billion across
2018-19 and 2019-20, over and above the budget announced at the 2015 spending review.
As a result, per pupil funding will be maintained in real terms over the next two
years.</p><p> </p><p>The Department recognises that many schools have worked hard
to manage the impact of cost pressures on their budgets up to this point. That is
why the Department provides support, guidance and tools to help schools achieve the
best value from their resources. Further details can be found 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>.</p>
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