State of Education Report 2017 state-of-education-booklet-Final-WEB - Page 7

2. SCHOOL FUNDING More than six in 10 schools will not be able to balance their budget next year without making savings, and less than one-fifth of school leaders believe the proposed national funding formula will make budget forecasting easier. Nevertheless, a creative and entrepreneurial spirit is taking root across the sector: where they can, schools are hosting weddings, opening nurseries, offering swimming pools up to the local community and partnering with local businesses to generate extra income. However, higher base funding rates and higher levels of special educational needs funding are the funding changes that school leaders say are really needed to make a difference. of schools need to make savings to balance their budget in the 2017-18 financial year FIND FURTHER INSIGHTS: WWW.THEKEYSUPPORT.COM/BLOG are letting their buildings and facilities to generate additional income think higher base funding rates is the funding change that would have the most positive impact on their school over the next three years PAGE 7