With the National Audit Office and the Institute for Fiscal Studies warning of a £3bn gap in school funding and an 8% cut in real-term schools budget, schools face considerable financial challenges. The introduction of a national funding formula, which was announced in December 2016 will impact schools differently across the country from April 2018. Despite the injection of £1.3bn to schools by the Government, the Institute of Fiscal Studies has noted that this still represents a real-term freeze to budgets over the next two years.
The need for schools to employ efficient and adept financial planning and policies has become all the more necessary in such a testing environment. This forum will provide attendees with the opportunity to consider actions and best practice from across the country to apply to a vairety of scenarios, as well as sharing revenue raising techniques.