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Funding for Children's Services and Education

  • By London Councils

Education is the largest area of local government revenue expenditure totalling £6.9 billion in London in 2014-15.

Adults and children's social care are the biggest non-education area of expenditure with children's social care budgets totalling £1.5 billion in London in 2014-15.

View our Local Government funding and expenditure diagrams for more information.
 

National Funding Formula

The Department for Education has confirmed that there will not be a national funding formula for schools in 2015/16.

Instead, it initially announced an additional £350 million in 2015/16 for schools in the 62 'least fairly-funded' local authority areas.

Following a consultation, in which London Councils responded, funding was increased to £390 million distributed across 69 local authorities in 2015/16 as part of Dedicated Schools Grant (DSG).

Our submission to the consultation is on the right hand side of this page. You can read about the consultation and government's response here.

Education Services Grant (ESG)

The Education Services Grant (ESG) is an un-ringfenced grant paid to local authorities and academies to fund services such as school improvement, education welfare services, central support services and statutory and regulatory duties.

In 2015/16, there will be a £200 million cut to the ESG. The DfE ran a consultation on how the savings should be made.

Our submission to the consultation is on the right of this page. You can read about the consultation and government response here