Schools in England to Benefit from Major Funding Boost
26 April 2023
State schools to receive extra cash in May following additional £2 billion investment. Every state school in England is to receive a cash boost, as primary and secondary schools are allocated extra funding for the next academic year. The additional cash is part of a £2 billion injection of new funding for schools – being made in both this year and next year – topping up budgets to help headteachers manage higher costs like energy bills and teacher pay. This sits alongside the Prime Minister’s promise to halve inflation. A typical primary school will receive approximately £35,000 and a typical secondary school approximately £200,000, with the first payments by the 10th May. The majority of this funding is allocated on a per-pupil basis, and disadvantaged pupils attract additional funding to their school. The allocations also factor in differences in wage costs between areas. Schools can choose how to invest the extra funding, however it is primarily expected to support salary uplifts for teachers and teaching assistants and help with increased running costs, school trips and learning materials. Read more HERE.
|
|