News story

£1 billion extra funding for schools in England

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Investment will provide funding for new school places in areas experiencing the greatest pressures on places over the next two years.

The Prime Minister and Deputy Prime Minister this morning visited Corpus Christi Roman Catholic Primary School in Brixton to announce an extra £1 billion investment in schools in England as part of tomorrow’s Autumn Statement.

This investment will provide funding for new school places in areas experiencing the greatest pressures on places over the next two years. It will allow the expansion of existing good schools and includes enough funding to build up to 100 new Free Schools and Academies. The £1 billion announced today is in addition to over £4 billion of investment in school places already planned over the Spending Review period.

The funding will come from within £5 billion of capital investment that the Chancellor and Chief Secretary informed the Cabinet of this morning.

Further details will be released in the Autumn Statement tomorrow.