School funding boost will see every local school receive more

Craig Tracey, MP for North Warwickshire and Bedworth has welcomed the Government announcement for an additional £1.3 billion for schools funding over two years.

This investment means that schools funding will be £2.6 billion higher in 2019-20 – helping to create more good school places in our community.

Craig Tracey commented:
“Schools across North Warwickshire and Bedworth will welcome this announcement and the increasing in funding which will see every school benefit. I met with local Headteachers last week at the Queen Elizabeth Academy in Atherstone and the issue of school funding was raised. Conservatives are committed to ensuring all children receive the education they deserve, wherever they live.”

The Education Secretary’s announcement will mean the following for schools:

  • Increase the basic amount that every pupil will attract in 2018-19 and 2019-20;
  • Allow for gains of up to 3 per cent per pupil for underfunded schools for the next two years;
  • Provide at least a 0.5 per cent a year per pupil cash increase for every school; and 
  • Continue to protect funding for pupils with additional needs, as proposed in the consultation published in December.

Justine Greening the Educational Secretary stated:
“As we said in our manifesto, no school will lose any funding as result of the new formula. We will go further than this, and provide for a 0.5% cash increase for every school in 2018-19 and 2019-20. Those schools that have been underfunded will see increases of up to 3% in both years.”