The Government has today announced a fairer system for funding schools that, based on this year’s pupil data, would see Croydon receive a 5.9% increase in its per pupil funding for the year 2015-16. This would be the ninth highest increase of any council in the country and worth £12.4 million to our schools.
It is great news for young people in Croydon that this Government is changing the way it distributes school funding to different parts of the country. For the first time in a decade, funding will be allocated on the basis of the current characteristics of pupils and schools, not historic patterns of spending. With Croydon changing rapidly the old formula underestimated the level of need in our schools.
Today’s announcement is the result of a lot of detailed work that’s been going on behind the scenes, in which Croydon Central MP, Gavin Barwell, has been heavily involved. And the Government has made it clear that it is just the first step toward a single national funding formula.
Cllr Tim Pollard, cabinet member for children, families and learning, says "Standards in our schools have been going up steadily since this Conservatives administration took office, but I know they can do even better if the funding system is made fairer. This is a really positive step, and one which I am confident will be warmly welcomed by the schools."