William Eichler 11 April 2024

Schools face losing over £1bn, think tank warns

Schools face losing over £1bn, think tank warns image
Image: Monkey Business Images / Shutterstock.com.

A decline in the number of school-age children could lead to schools losing over £1bn in funding by 2030, education experts warn.

Pupil numbers in state-funded primary and secondary schools are projected to fall from over 7.5 million in 2022-23 to just over 7.1 million in 2028-29, according to a new report from the Education Policy Institute (EPI).

The decrease in the number of pupils could mean a reduction in school funding from £42.7bn in 2024-25 to £41.6bn by 2029-30, which would force schools to consider mergers, cost-cutting measures and closures to remain viable.

A Department for Education spokesperson said: ‘These figures are speculative, funding levels beyond 2024-25 have not yet been confirmed and are subject to future spending reviews. We are increasing school funding to £60.7bn next year.’

SIGN UP
For your free daily news bulletin
Highways jobs

Assistant Service Manager

London Borough of Richmond upon Thames and London Borough of Wandsworth
£48,873 - £59,220
Assistant Service Manager<... Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Educational Psychologist - Main Grade

Essex County Council
£43483.0000 - £63394.0000 per annum
Essex County Council is seeking passionate and dedicated Main Grade Educational Psychologists to join our quadrant-led teams. England, Essex, Chelmsford
Recuriter: Essex County Council

Senior Product Support Analyst

Essex County Council
£33512.0000 - £39425.0000 per annum
Senior Product Support AnalystPermanent, Full Time£33,512 to £39,425 per annum Location
Recuriter: Essex County Council

Cycle Fleet Operator

Essex County Council
Up to £25959.00 per annum
Cycle Fleet OperatorFixed Term, Full Time£25,959 per annumLocation
Recuriter: Essex County Council

Cycle Fleet Operator

Essex County Council
Up to £25081.00 per annum
Cycle Fleet OperatorFixed Term, Full Time£25,081 per annumLocation
Recuriter: Essex County Council
Linkedin Banner