State of Education Report 2017 state-of-education-booklet-Final-WEB | Page 7

2. SCHOOL FUNDING
More than six in 10 schools will not be able to balance their budget next year without making savings, and less
than one-fifth of school leaders believe the proposed national funding formula will make budget forecasting
easier. Nevertheless, a creative and entrepreneurial spirit is taking root across the sector: where they can, schools
are hosting weddings, opening nurseries, offering swimming pools up to the local community and partnering
with local businesses to generate extra income. However, higher base funding rates and higher levels of special
educational needs funding are the funding changes that school leaders say are really needed to make a difference.
of schools need to make savings
to balance their budget in the
2017-18 financial year
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are letting their buildings
and facilities to generate
additional income
think higher base funding rates is
the funding change that would have
the most positive impact on their
school over the next three years
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