State of Education Report 2017 state-of-education-booklet-Final-WEB - Page 13

When it comes to raising extra funds, optimism is most widespread Lack of faith in this funding reform is more marked among secondary in London, where a quarter (26%) are confident they can generate school leaders, with almost five in 10 (46%) not expecting to be better additional income over the next 12-24 months; a further two-thirds equipped to plan their budget effectively compared to nearly four in 10 (67%), however, are not confident of this. Only 18% of schools in the (38%) primary leaders. The current financial predicament of secondary north east expect to be able to generate income, while 75% disagree. schools might in part explain these results: findings from the NAO show that secondary schools are in a less stable position 16 , with 59% of Comments from school leaders completing our survey suggest a them overspending in 2014-15 as opposed to 33% of primaries. more nuanced picture, dependent on local demographics. Effective parent and teacher associations can raise thousands of pounds for The redistribution in school funding will hit schools in urban areas some settings, but schools in deprived areas can struggle to raise the hardest. Nine of the 10 local authorities set to lose the most funds from local communities with very little income, despite having money are in London 17 , with Manchester being the exception. Yet the expertise to do so. scepticism about the redrafted formula is just as likely among rural school leaders is it is among those in urban settings: 39% and 40% National funding formula: what do school leaders think? respectively do not believe that the formula will make it easier to budget-plan in the coming years. Almost 11,000 schools are set to gain from the national funding formula 15 when it comes into effect officially in 2019-20*, while over 9,000 schools are likely to receive less money. The formula is “The national funding formula will make it easier for my school to forecast and plan our budget effectively.” intended to ensure a fairer and more consistent distribution of school 1% be any easier and 26% think the formula will make no difference at all. 20% and plan their budget effectively; 40% do not expect forecasting to Urban Tend to agree It will make no difference However, less than one fifth (18%) of school leaders think that the proposed, redrafted formula will make it easier for them to forecast Strongly agree 17 16% % 19 Rural 17 % Tend to disagree budgets over the longer term. 2% 13% funding nationally, and in so doing make it easier for schools to plan Strongly disagree Don’t know *Subject to the outcome of the June 2017 general election general-election-campaign-osborne FIND FURTHER INSIGHTS: WWW.THEKEYSUPPORT.COM/BLOG PAGE 13