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School Funding Update
19 July 2022
Type
Written Ministerial Statement
Department
Department for Education
At a Glance
Issue Summary
The statement provides updates on school funding increases for 2023-24 through the national funding formula.
Action Requested
The government is increasing high needs funding by £570m, with all local authorities receiving at least a 5% increase per head of their 2-18 population. Mainstream schools will see a 1.9% per pupil increase in funding. The transition to the direct national funding formula for mainstream schools begins this year.
Key Facts
- High needs funding is increasing by £570m, or 6.3%, in 2023-24.
- Core schools funding (mainstream and high needs) is increasing by £1.5bn compared to the previous year.
- Funding for mainstream schools through the schools NFF is increasing by 1.9% per pupil in 2023-24.
- 9.8% of the schools NFF funding will be allocated to deprivation in 2023-24.
- Local authorities will only be allowed to use NFF factors in their local formulae, and must move their local formulae factors 10% closer to the NFF values.
- Central school services funding is £292 million in 2023-24.
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