February 2018
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This seminar examined the future funding of England’s schools and priorities for improving financial efficiency.
It took place ahead of the introduction of Government’s National Funding Formula for schools from April 2018 and also follows the announcement by the Secretary of State in July of an additional £1.3 billion in core school funding over the next two years.
Sessions considered challenges for implementing the formula, including the interaction between schools and local authorities during the two-year implementation phase - as well as implications for disadvantaged pupils, different types of schools, and those areas of England that will receive reduced funding.
Further sessions discussed:
- Proposed reforms to High Needs Funding for SEND provision in mainstream education;
- The challenges that remain for local authorities in deciding final distribution of funding between schools in local areas until 2020;
- Longer term financial planning, amid uncertainty over possible effects of inflation on school budgets, including resource and staff planning, prior to the next spending review;
- Opportunities for improving efficiency in the school system - along with examples of best practice in budget management; and
- The knock-on effects of funding reform on other areas of education - including the teaching workforce.