Schools: Finance
The question
To ask the Secretary of State for Education, what steps her Department is taking to increase funding certainty for schools over a multi-year period.
Answered by Catherine McKinnell
The overall core schools budget is increasing by £3.7 billion in the 2025/26 financial year, meaning that it will total £65.3 billion, compared to £61.6 billion in the 2024/25 financial year. This is a 6% overall increase.
The government is considering how it can support schools to plan their budgets from the perspective of both their funding and their costs. The teacher pay award this year has been announced two months earlier than last year as part of the government’s ambition to improve the pay round process. This is alongside £615 million of additional funding to support schools with their overall costs, including staff pay awards.
Budgets for the 2026/27 financial year and beyond are still to be agreed and this includes the 2026/27 Core Schools Budget. This will be subject to the multi-year spending review, which the department expects to be concluded later this month.
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