Schoolzone | Curriculum based financial planning

Curriculum based financial planning

Date: 16.08.2018

As schools continue to face financial pressures many will be looking at ways to find efficiencies. Ministers have increasingly encouraged schools and multi-academy trusts to consider whether changing their approach to staff deployment might help. 

In March this year, the Education Policy Institute published a report examining school funding pressures in England. As well as looking at trends in the revenue balances of local authority maintained schools, it explored funding pressures caused by increases in pay and associated costs (including employer national insurance contributions and pensions).

Expenditure on teachers and education support staff is a central consideration to the debate on school efficiency. On average, spend in this area accounts for around two-thirds of all school revenue expenditure. In around a tenth of schools it amounts to three-quarters.

It is not therefore surprising to find that even modest increases in staff pay can have significant implications for schools.