Julian welcomes boost to school funding
May 2, 2023
Schools in York Outer are set to receive more than £2,145,905 extra investment from the Government.
The additional cash is part of a £2 billion injection of new funding for schools – being made in both this year and next year – topping up budgets to help headteachers manage higher costs like energy bills and teacher pay.
A typical primary school will receive approximately £35,000 and a typical secondary school approximately £200,000, with the first payments by the 10th May.
The boost means that schools budgets are rising by £3.5 billion next year, and funding will be at the highest ever level in real terms per pupil by the next academic year, as measured by the Institute for Fiscal Studies.
It also means school funding is set to rise faster than forecast inflation in both 2023/24 and 2024/25.
