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<p>The Department is giving schools the largest cash boost in a decade, investing
a total of £14 billion additional funding for schools over the next three years. This
will allow school funding to increase by £2.6 billion in 2020-21, followed by increases
of £4.8 billion and £7.1 billion in 2021-22 and 2022-23 respectively, compared to
2019-20.</p><p>We will continue to distribute funding through the National Funding
Formula (NFF), which ensures that funding is based on schools’ and pupils’ needs and
characteristics. This will ensure that per-pupil funding for every school can rise
at least in line with inflation next year; and faster than inflation for most. On
average schools are attracting 4.2% more per pupil.</p><p>We have also recently laid
regulations in Parliament which give legal force to the new minimum per pupil funding
levels. This will allow us to aid the lowest funded schools to ensure that every secondary
school attracts at least £5,000 per pupil next year, and every primary school at least
£3,750 – on the path to receiving at least £4,000 per pupil the following year.</p><p>Finally,
we have removed the gains cap in the NFF for 2020-21, so that all schools will attract
their full allocations under the formula. This means that we can deliver the greatest
gains to areas historically underfunded to ensure that they have the right investment
to deliver an outstanding education.</p><p>The Department will continue to move towards
a ‘hard’ national formula as soon as possible, meaning a single national formula will
determine every school’s final budget, rather than it being set independently by each
local authority. We will work closely with local authorities and the sector in making
this transition carefully.</p>
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