(This represents an increase of about 10% in real terms funding for schools.
- We should not accept the idea that there can be winners or losers when it comes to our children’s futures.
- That’s why the Conservatives are providing additional funding now and for the future for every school, with those historically underfunded receiving the greatest increase.
- Additionally, we have also pledged to meet the £4.5 billion requirement for teachers’ pensions from outside the education budget. This means that every penny of the extra £14 billion will go straight to school and delivering the best educational outcomes for our children.
We can deliver the change people want, giving every child the world class education they deserve and properly funding our schools – getting this country back on the road to a brighter future. The £14 billion funding boost will mean:
- Every school will get a real terms funding rise next year. In every part of the country, next year every school will see a real terms rise in their funding.
- Secondary schools – every secondary school will receive an increased minimum of £5,000 per pupil next year.
- Primary schools – every primary school will get a minimum of £3,750 from 2020-21 and £4,000 per pupil from 2021-22.
- Special Educational Needs and Disabilities - £700 million extra for children with Special Educational Needs and Disabilities (SEND) in 2020-21, so every pupil can access the education that is right for them, and none are held back from reaching their potential.
- Further education - Further education and sixth form colleges will receive £400 million additional funding to train and teach our young people the skills they need for well-paid jobs in the modern economy.
- They will also get and extra £100m to fund the extra pensions provision which this year they had to fund from existing budgets.
Historically under-funded areas are being prioritised – we will progress the implementation of our National Funding Formula, delivering promised gains in full for areas which have been historically under-funded.
Increasing the schools budget to £52.2 billion by 2022-23 – the funding package for 5-16 schools includes £2.6 billion for 2020-21, £4.8 billion for 2021-22, and £7.1 billion for 2022-23 compared to 2019-20. This will bring the schools budget to £52.2 billion in 2022-23.
Under the Conservatives we’ve seen more children getting a better education:
- There has been a dramatic improvement in children’s reading making sure they are prepared for their future.
- England has risen to joint eighth place in the 2016 Progress in International Reading Literacy Study, up from joint tenth in 2011 and the historic low of 19th under Labour.
- Thanks to our phonics reforms, 163,000 more six year olds are on track to become fluent readers compared to 2012
- Conservative-led governments have created 921,000 new school places since 2010 as part of the biggest expansion in school places in two generations.
- This means we are on track to deliver an extra one million school places nationwide in the decade to 2020 and reverse the reduction of 100,000 school places between 2004 and 2010