ESFA Additional Funding for Schools from 2023

The DfE made an announcement on 6^th December 22 on school funding. This gave further details about the breakdown of the previously announced £2 billion additional funding confirmed in the Autumn Statement in November, as well as an announcement of £500 million being made available for improvements to energy efficiency in the school estate. The Autumn Statement delivered an additional £2 billion into the core schools budget in each of the next two years, 2023-24 and 2024-25. The key points announced on 6^th December are as follows:

Breakdown of the £2 million additional funding

This £2 billion of new funding will be allocated between mainstream schools and high needs funding. Local councils will get an extra £400 million for high needs budgets, to help support children with special educational needs or disabilities. Academies, maintained mainstream schools and special schools will all be guaranteed a funding boost, which will arrive from April next year.

Average funding per pupil for mainstream schools will increase by approximately five percent overall, in the next financial year compared to 2022-23. A typical primary school with 200 pupils will get approximately £28,000, and secondary schools with around 900 pupils will receive approximately £170,000.

Energy Efficiency Upgrades

Schools and colleges in England will be allocated a share of £500 million to spend on energy efficiency upgrades, helping to save on bills during the winter months and manage energy consumption.

On average, a primary school will receive approximately £16,000, a secondary school will get £42,000 and a further education college group will benefit from £290,000. Improvements could include installing better heating controls, insulation to reduce heat loss from pipes or switching to energy efficient lighting.

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