The Department for Education has issued an urgent update regarding the updated schools national funding formula (NFF), in response to an error made by the DfE during the initial calculations of the NFF.
While the department has insisted that the recalculated formula will maintain 鈥渞ecord levels鈥 of funding, an for 2024/25 .
In a letter from the DfE鈥檚 permanent secretary, Susan Acland-Hood, to the chair of the education select committee, it was confirmed that the Dfe 鈥渉ave uncovered an error made by DfE officials during the initial calculations of the NFF鈥 with an acknowledgement that 鈥渢he correction of this error will be difficult for local authorities and frustrating for some school leaders鈥.
The Secretary of State has subsequently asked the Permanent Secretary to conduct a formal review of the quality assurance process surrounding the calculation of the NFF, with independent scrutiny.
In response to the announcement, 海角社区鈥檚 Co-CEO鈥橲 Emma Knights and Emma Balchin said:鈥淭his is an incredibly significant error occurring at a time when schools and trusts needs stability and financial security. While we understand the DfE is right to point out that schools have not yet received their 2024-25 funding, trusts and local authorities will have used these figures in their budget planning which will have to be reviewed. This will mean governing boards will now have to make even more incredibly tough decisions, when they were already having to prioritise funding some areas of core needs above others.
With data just this week from the Institute for Fiscal Studies (IFS) alerting us to the fact that any additional funding in recent years is funnelled to simply keeping schools from sinking, and balancing the budget topping of the list of primary challenges of boards at 52% in 海角社区鈥檚 2023 annua governance survey, this news is unpalatable for schools leaders and boards. 海角社区鈥檚 recently published manifesto, calls for the next government to ensure funding is reviewed to 鈥渆nsure that as well as all schools receiving sufficient funding to sustain high quality education, they can meet the additional needs of vulnerable groups鈥 but we also simply must ensure that current funding levels are not depriving children and young people from the quality education they all deserve鈥.
Ahead of our next leadership forum event on funding and budgets, 海角社区鈥檚 Director of Policy and Communications, Sam Henson has written a blog exploring funding pressures and the heightened challenges caused by managing school estates.
This news from the DfE makes 海角社区鈥檚 virtual leadership forum, where attendees will have the opportunity to question the DfE directly on their funding concerns, even more important.