Commons Sense

House of Commons · Written Ministerial Statement

Education Funding Update

19 December 2022 · Department for Education

Proposed by Nick Gibb Con Bognor Regis and Littlehampton

Education

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The Department for Education is allocating an additional 3.5 billion for schools in 2023-24.
  • A new Mainstream Schools Additional Grant and increased pupil premium rates by 5% are part of the funding package.
  • Hourly funding rates and allocations for the early years sector are confirmed, reflecting National Living Wage increases.

Issue summary

The statement provides an update on education funding and the School Rebuilding Programme.

Action requested

The Department for Education is allocating additional funding of £3.5 billion for schools in 2023-24, including a new Mainstream Schools Additional Grant (MSAG) and increased pupil premium rates by 5%. It also confirms hourly funding rates and allocations for the early years sector, reflecting National Living Wage increases.

Key facts

  • The School Rebuilding Programme will rebuild or significantly refurbish buildings at 500 schools over a decade.
  • 239 more schools have been provisionally selected for the programme, bringing the total to 400.
  • Core schools funding is increasing by £3.5 billion in 2023-24 compared to 2022-23.
  • The Mainstream Schools Additional Grant (MSAG) provides a 3.4% increase in per pupil funding for mainstream schools in the 2023-24 financial year.
  • Pupil premium rates will increase by 5%, adding £180 million from 2022-23.
  • Early years providers will receive an additional £20 million to support National Living Wage increases.
  • The minimum funding floor for the three- and four-year-old funding rate will increase from £4.61 per hour in 2022-23 to £4.87 per hour in 2023-24.
▸ Assessment & feedback
Summary accuracy