Spending Review 2015: Key Points for Education

George Osborne has published the results of the Spending Review 2015, and we have rounded up the details for the budget of the Department of Education over the next four years.

·         Protecting the schools budget in real terms, allowing a per pupil protection for the dedicated schools grant and the pupil premium.

·         600,000 additional school places.

·         500 free schools to open.

·         Refurbish and rebuild over 500 schools.

·         £23 billion capital investment over the Parliament.

·         Universal infant free school meals to be maintained, saving families around £400 per infant each year.

·         Doubling free childcare from 15 to 30 hours a week for working families of three and four year olds (worth up to £5,000 per child, per year from Sept. 2017).

·         Investing over £1 billion more a year by 2019 to 2020 on free childcare places for two, three and four year olds.

·         £50 million of capital funding to create additional places in nurseries.

·         Over £300 million a year to increase average hourly rate to childcare providers.

·         Reduce the local authority role in running schools and remove a number of statutory duties.

·         Savings of around £600 million from the education services grant.

·         800 more national leaders of education.

·         Increase funding for teacher training and recruitment for English Baccalaureate and STEM teaching.

·         Current national base rate for 16-19 year olds in England will be protected in cash terms.

·         3 million high-quality apprenticeship starts by 2020.

·         Central Children’s Services budget protected at over £300 million per year to drive up social care workforce standards.

·         Introduction of first ever national funding formula for schools, high needs and early years; ending the unfair system where a child from a disadvantaged background in one school attracts half as much funding as a child in identical circumstances in another school, because of where they live.

·         20% core administrative savings through greater efficiency.  

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