Bulk of £7.1 billion funding injection will disappear with rising costs and teacher pay rises

There will only be £14,000 per-school left from the £7.1 billion funding injection once existing government commitments, rising pupil numbers and other costs are paid for.

The schools budget is due to increase by £7.1 billion over the next three years, but new calculations predict that schools will only have £300 million of this to spend on reversing the real-terms cuts of recent years.

The forecast from the Association of School and College Leaders (ASCL) is part of the union’s submission to the Treasury ahead of the Budget on March 11.

The government has pledged funding increases to the schools budget of £2.6 billionin 2020/21, a further £2.2 billion in 2021/22, and an additional £2.3 billion in 2022/23.

ASCL says that the forecast growth in pupil numbers – from 7.71 million in 2019 to 7.95 million in 2023 – will cost roughly £1 billion, and general inflation a further £2.4 billion.

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