Funding 45: Extra Funding – update
Posted on 30 January 2019 by Education Finance
We have now been notified how much each school will be receiving as part of the £400m Extra funding for school announced in the Autumn budget for the little extras”.
The amounts can be found on the Government website (table 2b) and we have been provided with the following statement:
“Schools and other eligible institutions can spend this additional funding on capital projects to meet their own priorities. As we expect this funding will be spent on improvements rather than as part of major capital projects, and as the calculator published in December will have supported schools to plan ahead, we expect that schools will spend the money in financial year 2018–19. However, the normal terms of devolved formula capital (DFC) will apply, which provide flexibility for schools to spend the funding over the following 2 financial years if necessary.”
If you have any further questions please do not hesitate to contact Stuart.email@example.com
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