Education secretary Justine Greening announces national funding formula will go ahead, with extra cash
Schools are set to receive an extra £1.3 billion over two years, education secretary Justine Greening has announced today (Monday 17th July)
Ms Greening made the announcement in the House of Commons, where she also confirmed that the national funding formula will go ahead, with a "longer transition".
The plans will provide for a "real terms" protection to per pupil funding, she said.
The money will come from savings from efficiencies within the Department for Education, including £280 million from the free schools programme.
Earlier this month, it was reported that Ms Greening had demanded that the government publicly commit, before the summer holiday, to give schools an extra £1.2 billion.
Read the full article here: Schools to get a £1.3 billion funding boost