Schools: Finance
The question
To ask the Secretary of State for Education if she will make it her policy to restore school funding in real terms to the level provided in May 2010.
Answered by Catherine McKinnell
This government is increasing overall core revenue funding for schools to almost £61.8 billion this financial year (2024/25). In July, the department announced that it is providing schools with almost £1.1 billion of additional funding in the 2024/25 financial year through the new core schools budget grant (CSBG), to support them with overall costs. This matches what the department has calculated is needed to fully fund, at a national level, the teacher pay award and the support staff pay offer in the 2024/25 financial year, after accounting for the available headroom in schools’ existing budgets.
This increase in funding shows the government’s commitment to supporting schools as a part of the government’s mission to break down barriers to opportunity.
Departmental expenditure limits for the 2025/26 financial year are yet to be agreed across government and will be set alongside the Budget on 30 October. This will include schools’ funding in the 2025/26 financial year.
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