- The Government has announced that schools in England are set to receive the highest ever funding rates.
- Funding for schools will total almost £60 billion for 2024-25, more money than ever before is being invested in schools.
- In 2024/25 schools in Chelsea and Fulham will receive £73 246 318 in total funding.
Greg Hands has welcomed the announcement that schools in England are set to receive their highest ever funding in real terms, totalling almost £60 billion for 2024-25 as the government announces the extra funding they will receive through the National Funding Formula (NFF).
Mainstream schools in England will receive an average of around £6,000 for each pupil from next year through the NFF, with additional funding for teacher pay coming on top of that. More money than ever before is being invested in schools, ensuring every child gets a world class education.
Overall, funding will be at its highest ever level in real terms per pupil in 2024-25 – underlining the government’s commitment to education.
This money can be spent on staff salaries, school trips and classroom equipment which will help raise school standards and education outcomes. These increases form part of the additional £9.8 billion being invested in the schools’ core budget by 2024-25, compared to 2021-22.
This follows news that teachers in England have been given the highest pay award for 30 years of 6.5%, following government accepting in full the recommendations set out by the independent pay review body. In doing so, the Government will be delivering on its manifesto commitment to raise the minimum starting salary for teachers to £30,000 from September. This deal will allow teachers and school leaders to call off strike action.
This will support the Prime Minister’s plans to build a better future, where children are given the highest standard of education no matter where they grow up and have the skills they need for the future.
Nationally, funding for mainstream schools through the schools NFF will increase by 2.7% per pupil in 2024-25 (compared to this year), as schools continue to benefit from the additional funding announced in the Autumn Statement.
For 2024-25, every mainstream school will attract at least £4,655 per pupil for primary schools and at least £6,050 per pupil in secondary schools through the NFF.
The latest data by the OECD shows that the UK invested more than any other G7 nation in schools and colleges as a share of GDP between 2010-11 and 2019-20, showing the Government’s continued commitment to prioritise funding the education system.
Commenting, Greg Hands said:
“This Conservative Government is committed to delivering the best education for children and ensuring that every young person has the skills to succeed.
We have many fantastic schools in Chelsea and Fulham and this record funding means that more money than ever before is being invested in schools, with £73,246,318 for schools in Chelsea and Fulham. This will ensure that schools and teachers have the resources to deliver a world-class education.”
Commenting, the Secretary of State for Education, Rt Hon Gillian Keegan MP said:
“Providing children with the best education sets them up for a better future, which is why we are funding our schools at record levels and have awarded our fantastic teachers with the highest pay award in 30 years.
This investment means every pupil in England will receive a world class education and our brilliant teachers will have the resources they need to continue to inspire the next generation.”
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