After a two-year consultation on school funding, the Government has announced changes in how the system will work which will see the schools budget in Bracknell Forest and Wokingham Borough increase by £1.6m and £700,000 per year respectively.
The investigation into school funding was launched as the Government believed the system was unfair and resulted in significant disparities between how much money similar schools in different parts of the country received.
Dr Phillip Lee MP, whose Bracknell constituency incorporates parts of both Bracknell Forest and Wokingham boroughs, welcomed the change, announced last week.
He said; “The cash boost for schools which have resulted from the fairer funding deal signifies the biggest step towards fairer schools funding in a decade. Schools and pupils from across the Bracknell constituency will greatly benefit from this influx of funding, which will help to improve the quality of education that children receive across the region.”
Overall, the per-pupil funding to children in Bracknell Forest will increase by 2.5% or the equivalent to a £104 funding increase per pupil.
In Wokingham, pupil funding will increase by 0.8%; an increase of about £33 per pupil.
This compares to the highest funding boost in England of Cambridgeshire where there will be an extra £311 per pupil.
The extra funding will be available from April 2015.
Across England, an extra £390m is being poured in to school funding with schools minister David Laws claiming no local authority will see a funding reduction and 69 will get a cash boost.