Annal Nayyar- Blogs on report – New education funding system welcomed by poorest schools

Annal Nayyar- Blogs  on report – New education funding system welcomed by poorest schools

A group representing local authorities with the poorest schools funding settlements has welcomed the Government’s intention to establish a National Funding Formula for schools.

‘‘Although we would have liked change more quickly – and ideally before the 2015 election – at least we can now work with the government to create a fairer system that supports pupils and schools wherever they are,’ he added.

At a Spending Review briefing yesterday, renowned public finance experts, the Institute for Fiscal Studies, suggested the new system would ‘lead to significant turbulence across local authorities’.

Although extra details are to be confirmed in a consultation taking place later this year, areas of the country which have historically been ‘over-funded’ such as London and the south east will see schools funding reductions – while areas covered by the f40 group would see cash increases.

Funding changes of as much as 10% could be experienced for gainers and losers under the new arrangements, but the funding reforms would take some time to implement and a lengthy transition was likely, he explained.

 

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