Rachel has welcomed an extra £2,142,282 in Government funding for schools in Redditch and the Villages.
It’s part of an extra £2 billion the Government is investing in schools this year and next, with every state school in England benefitting.
The Institute for Fiscal Studies has highlighted this uplift will mean 2024–25 will be the highest spending year in history for schools. In total the schools’ budget will be £58.8 billion in 2024-25–meaning the Government is putting more into school than ever before. It also means school funding is set to rise faster than forecast inflation in both 2023–24 and 2024–25.
Schools will receive their first payment this month and will be able to choose how best to invest the extra funding, including to pay for teacher salary uplifts and teaching assistants.
The remainder of the £2 billion funding boost will be used to increase Pupil Premium funding rates, which are rising by 5% in 2023–24. This extra funding will support disadvantaged pupils, local councils’ high needs budgets, and special schools, making sure every child with special educational needs and disabilities receives the support and high-quality education they deserve.
“As a proud product of the state school system myself, ensuring everyone, no matter their background, has a first-class education is personal for me.
“The significant increase in funding for schools in Redditch and the Villages demonstrates that I’m delivering on another promise that I’ve made to my constituents. It will ensure young people in Redditch and the Villages continue to receive a first-class education which will unlock their potential.”