Ministers have reassured headteachers this week over the future of their budgets, amid fears that plans to simplify the national funding formula could lead to huge shortfalls and school closures.
Widespread concern about the changes caused the Department for Education to write to schools earlier this month to confirm that a Minimum Funding Guarantee (MFG) would be in place until at least 2015.
This will mean that no school will lose more than 1.5 per cent of its total budget in the next and subsequent financial years as the new funding mechanisms are implemented.
After 2015, there will be further safeguards, the government says, although actual figures will not be released until the next Comprehensive Spending Review in three years' time.
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