I am sure that concerned constituents will join me in welcoming the £1.3 billion boost for core school funding which was announced by the Secretary of State on 17 July (https://www.gov.uk/government/speeches/justine-greening-statement-to-parliament-on-school-funding). The Department for Education has listened to the representations that have been made for fairer funding, responding with this significant additional investment for our schools.

The investment comes as we transition to a national funding formula, and allows for an increase in the basic amount of funding for all pupils and an increase in funding for all schools. The new formula will maintain overall per pupil funding in real terms for the next two years.

The boost will be spread across two years, on top of the core school budget set in the last spending review. This means that school funding will be £2.6 billion higher in 2019-20 compared to 2017-18. Crucially, this funding boost has been found from within the Department for Education's budget rather than through increased taxes and more debt. I know this has required some difficult decisions but reflects the Government’s continued belief that funding is most valuable in the hands of head teachers.

The new national funding formula will allow for gains of up to 3 per cent per pupil for underfunded schools and provide at least a 0.5 per cent a year per pupil cash increase over the next two years. Funding for pupils with additional needs will continue to be protected and the PE and Sports Premium for primary schools will also increase from £160 million to £320 million, with all primary schools receiving an increase in the next academic year.

This additional investment will help deliver historic reforms to the funding system that will balance fairness and stability for schools. It will also build on the improved standards delivered since 2010.