Jobs in education sector to receive £4.7bn boost in government funding
All England schools will receive an additional £4.7bn funding to support students’ recovery from the effects of the pandemic, as well as training new teachers and private tutors.
Schools will receive an additional £4.7bn in core funding in 2024-25, including £1.6bn in 2022-23 on top of already planned increases from the 2019 Spending Review, and meaning a total cash increase of £1,500 per pupil between 2019-20 and 2024-25.
This additional investment will also support the delivery of a £30,000 starting salary for all new teachers.
The funding sits alongside a further £1.8bn dedicated to supporting young people to catch up on missed learning, following on from the existing investment in catch up for early years, schools and colleges, including for tutoring and teacher training opportunities.
Education Secretary Nadhim Zahawi said: “Our mission is to maximise the potential of every single young person, regardless of their background, circumstances or the ways in which the pandemic has affected them. This settlement is a landmark investment in our skills, schools and families.
“The pandemic has taken precious time in young people’s lives, including the vital learning they need to reach their potential.
“Today’s investment will enhance the recovery we know is already underway for young people, building on the real impact of the steps we’ve taken so far, whether that’s tutoring, world class teacher training or summer schools.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset