New projections for school funding compiled by School Cuts show that 90% of schools with comparable data will have lower per pupil funding in real terms in 2023-24 than in 2022-23. Real terms per-pupil funding is set to be cut by £147 over the same period. This is on top of historic real-terms cuts.
Anticipating the chancellor’s statement on 17 November, School Cuts makes clear the stark situation ahead of us.
The new analysis by School Cuts shows that, of 20,094 schools with comparable data 18,060 (90%) had lower per pupil funding in real terms in 2023-24 than in 2022-23, and 12,952 (68%) had lower per pupil funding in real terms than in 2015-16.
Real terms per pupil funding will be cut on average from £6,028 in 2022-23 to £5,881 in 2023-24. This cut in per pupil funding is equivalent to a cut in school spending power of £1bn or two point four per cent.
Even before the upcoming cuts, real terms per-pupil funding remains lower than it was in 2015-16. In 2015-16 it stood at £6,205 and in 2022-23 it is £178 less. School spending power is £1.3 bn lower than it was in 2015-16 or two point nine per cent.
Finally, schools that have been historically under-funded face the largest cuts in 2023-24.
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