https://dfemedia.blog.gov.uk/2016/12/14/national-funding-forumla/

National Funding Forumla

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Today, the Secretary of State gave an oral statement to Parliament setting out our fairer funding proposals for schools and high needs.

The proposals are subject to a 14-week consultation, which will close on 22 March 2017.

They are based on the principles outlined in the first stage of the national funding formula consultation, which received strong support earlier this year.

Under the proposals, due to be introduced from 2018 -19:

  • More than 10,000 schools will gain funding, including more than 3,000 receiving an increase of more than 5 per cent.
  • Significant protections have also been built into the formula so that no school will face a reduction of more than more than 1.5 per cent per pupil per year or 3 per cent per pupil overall.
  • For pupils with high-level special educational needs (high needs), where funding changes could be even more acutely felt by the most vulnerable young people in our society, no area will see their funding reduce.

Education Secretary Justine Greening said:

Our proposed reforms will mean an end to historical unfairness and underfunding for certain schools.

 

We need a system that funds schools according to the needs of their pupils rather than their postcode, levelling the playing field and giving parents the confidence that every child will have an equal opportunity to reach their full potential.