Julia Lopez MP has welcomed extra funding from the Conservative Government, providing schools in Hornchurch & Upminster with £3,564,548 in extra funding, as part of £2 billion this year and next for primary schools and secondary schools in England.
Every state school in England will receive extra cash following the additional £2 billion investment. A typical primary school will receive approximately an extra £35,000, and £200,000 for a typical secondary school.
The Institute for Fiscal Studies has highlighted this uplift will mean 2024–25 will be the highest spending year in history for schools. In total the schools budget will be £58.8 billion in 2024-25–meaning the Conservative Government is putting more into school than ever before. It also means school funding is set to rise faster than forecast inflation in both 2023–24 and 2024–25.
Schools will receive their first payment by 10th May 2023 and will be able to choose how best to invest the extra funding, including to pay for teacher salary uplifts and teaching assistants.
The remainder of the £2 billion funding boost will be used to increase Pupil Premium funding rates, which are rising by five per cent in 2023–24. This extra funding will support disadvantaged pupils, local authorities’ high needs budgets, and special schools, making sure every child with special educational needs and disabilities receives the support and high quality education they deserve.