I’m delighted that our schools are getting a 5.8 per cent increase in funding next year.
This is another step to getting fairer funding for Kent’s schools, which have for years received less money than schools in other parts of the country.
Under the National Funding Formula, schools in Faversham and Mid Kent will see their allocation rise to over £59 million next year – a £4 million increase on last year.
This is part of a three-year plan to invest an extra £14.4 billion in schools across England.
The funding allocations will see total funding for schools in Faversham and Mid Kent increase from £55,279,739 in 2021/22 to £59,333,680 in 2022/23.
These figures are based on allocations under the National Funding Formula. It’s up to Kent County Council to determine final allocations for each school in the constituency.
But higher minimum per pupil funding levels will mean that every primary school will receive at least £4,265 per pupil, and every secondary school at least £5,525 per pupil.
This extra funding for schools is on top of the £3 billion provided to support education recovery from the pandemic.
I’m pleased the Government’s commitment to level up school funding is benefiting pupils here in Kent, giving our young people the best start in life.