London MPs will meet today (February 7) to consider the impact of the government’s proposed National Funding Formula (NFF) and wider cost pressures on the capital’s schools.
The APPG for London will host an expert panel of speakers in the House of Commons who will give MPs a range of perspectives on the challenges faced by London’s schools and the vital importance of maintaining good standards of education.
• Cllr David Simmonds CBE, London Councils’ Conservative lead on education
• Sue Terpilowski OBE, London Policy Chair, Federation of Small Businesses
• Richard Slade, Head Teacher of Plumcroft Primary School in Greenwich
Analysis of the NFF by London Councils has shown that 70 per cent of London schools will lose funding when it is introduced – at least one school per parliamentary constituency. Overall London schools will see £19m removed from their budgets in the first year of the NFF.
Bob Neill MP, Chair of the APPG for London, said:
“It’s important that MPs across London understand the impact that the National Funding Formula could have on our schools. Every London MP will have constituents that are affected. London Councils’ figures suggest that 1,536 schools in London will see a reduction if the formula goes ahead, 70 per cent of the total number of schools. This would have a disastrous impact on education standards in the capital.”
Steve Reed MP, Co-chair of the APPG for London, said:
“Every child deserves a good education. Equipping young people for the future has never been more important. That is why we are urging government to revise their proposals to ensure that standards in schools can continue to improve. Investing an extra £335 million per year nationally, which amounts to just a 1% increase of the schools budget, would mean every school in London and across the country is protected from funding cuts linked to the introduction of the NFF.”
The APPG for London is made up of 62 London MPs and Peers to promote London in the interests of all its people, places and businesses as a global city and powerhouse of the economy. London Councils provide the Secretariat for the group.
Notes to Editors:
To learn more about London Councils’ analysis of the national funding formula, click here.