Core schools budget grant – 2024-25 financial year allocations and conditions of grant

As announced in July 2024, the Department for Education (DfE) is providing almost £1.1 billion through the core schools budget grant (CSBG). This is to support schools with their costs in the 2024 to 2025 financial year, in particular following confirmation of the 2024 teacher pay award.

ESFA has now published schools’ and local authorities’ CSBG allocations. This includes funding for:

• mainstream schools and academies

• high needs settings

• local authorities employing centrally employed teachers.

Alongside this, they have also published the conditions of grant.

For 5 to 16 mainstream schools and high needs settings, they have taken a similar approach as for previous grants, such as the teachers’ pension employer contribution grant (TPECG), to distribute funding.

The full impact of the teacher pay award will be felt across financial years 2024 to 2025, and 2025 to 2026. The CSBG for 2024 to 2025 covers September to March of the financial year 2024 to 2025 (the first seven-twelfths) part of the award. The impact of the full year’s costs of the teacher pay award on schools will be considered when considering 2025 to 2026 budgets (as well as appropriate arrangements for academies in the period April to August 2025).

Funding for early years settings will be distributed through the early years budget grant (EYBG).

Funding for post-16 schools will be allocated through the post-16 schools budget grant.