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DfE demands £3bn in savings as financial pressures mount

Ministers want schools to find £3bn in savings by 2020, while plans for fairer funding threaten cuts to budgets in 48 areas across England. It means there is no sign of a let-up in the financial pressures facing schools in 2017. Pete Henshaw reports.

As the new year begins, there is little sign of respite from the huge financial pressures facing schools across England, with the government demanding heads find £3 billion of savings by 2019/20.

Meanwhile, plans for a fairer National Funding Formula (NFF) to be introduced in 2018/19 are progressing, but with no new money promised by ministers, thousands of schools will lose out under current proposals – many in inner city areas.

Last month, the Department for Education (DfE) published a second consultation on the NFF plans and is seeking responses by March 22. The consultation details its intention to split the Dedicated Schools Grant into four blocks – schools, high needs, early years, and central school services (such as admissions and education welfare).

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