Today our blog looks at the new funding we are putting into the education sector, after a report from the Institute for Fiscal Studies.
Today, Thursday 19 September, the Institute for Fiscal Studies published its 2019 annual report on education spending in England. The report covers the whole education system from early years to higher education and has been covered by the Guardian, the Independent, City AM and the Telegraph.
The report comes just weeks after the government’s significant investment on education funding, with increases in schools, high needs, further education and early years announced.
A Department for Education spokesperson said:
We recently announced a £14 billion investment in schools over three years- the biggest cash boost for a decade, which the independent IFS has said will restore schools’ funding to previous levels in real terms per pupil by 2022-23. As part of this, we will provide £700 million extra for children with Special Educational Needs and Disabilities.
Alongside this, we announced a significant real terms increase in funding for 16 to 19 year olds in 2020-21 to make sure we can continue to develop world class education to rival countries on the continent.
Together this package will give all young people the same opportunities to succeed and access the education that’s right for them regardless of where they grow up. The Prime Minister is clear that education is one of his main priorities, and we want a system that boosts productivity, improves social mobility and equips children and adults with the skills and knowledge they need to succeed.