Schools in Milton Keynes will receive a 2.35% increase in per-pupil funding for the 2023-2024 academic year, the Government has announced.
The total funding for MK schools will rise to £244,994,035, an increase of 3.9%, with schools now being provided with an average of £5,420 per pupil.
The Conservative Government has been determined to level up schools across the country and taken together with the funding increases seen in 2022-23, this means that funding through the schools national funding formula will be 7.9% higher per pupil in 2023-24, compared to 2021-22.
Iain Stewart, the MP for Milton Keynes South, commented:
“Having a good education is so important for every child as this sets them up for their future career. It should not be that the quality of education is determined on where you live.
“That is why I welcome the Government’s 2.35% increase in per-pupil funding ahead of the 2023-2024 academic year, ensuring children in Milton Keynes can receive a good quality education.”
It has also been announced that starting salaries for teachers will receive a 8.9% uplift in September this year, reaching £28,000.
This means that the Government is making good progress towards meeting its manifesto commitment for new teacher pay to rise to £30,000 and from September a new teacher will receive over £2,000 more than this year.
Pay for experienced teachers who have been in the profession for more than five years will rise by 5% in the next academic year – an increase on the Government’s initial proposal of 3%, in recognition of the broader economic context and the STRB’s recommendations.
