Best Practice

Financial turmoil forecast for schools

School finance Government policy Whole-school issues
The DfE has set out more detail of its plans for a fairer funding system. But with no new money, there will be winners and losers. Meanwhile, schools are facing increasing costs and real-terms reductions in per-pupil funding

The need to fund England’s schools more fairly and remove the funding inequalities that exist between local authorities is hard to deny. However, as we contemplate the proposed new National Funding Formula (NFF), there is increasing concern about creating winners and losers – and that even the winners in the move to a fairer system may not find themselves as well off as they might have thought.

It was forecast by the National Audit Office (NAO) in December 2016. Its report, Financial Sustainability of Schools, warned that schools will have some tough decisions to make in the years ahead. It confirmed that mainstream schools face:

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