London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Spring Budget 2017 – Education Changes

As ever the budget can be viewed from both ends of the telescope.  In education, the National Union of Teachers has accused the government of a complete dereliction of duty to children and young people.  Philip Hammond on the other hand announced the following changes in his budget yesterday:

  • An extra £360m for new schools
  • £500m investment in “T-levels”
  • Extension of free school transport
  • £216m upgrade fund for existing schools
  • £300m to support 1,000 new PhD places in STEM subjects

This means that education spending is currently at a record £40bn per annum.

It is clear that academies are feeling the financial pinch and when the rest of the sector moves from Local Education Authority to academy status, it is difficult to see how this will improve.  Schools will have to make difficult decisions and one of the main ones will be how to act with a business head whilst maintaining a clear focus on supporting all those in education.

There will be an even greater need for business minded governors - to look at how to cut costs or even potentially generate revenue as well as to ensure that academies use their freedom to implement a curriculum that truly prepares the next generation for the world of work.

Our specialists are well placed to offer advice and support regarding the education sector - if you would like assistance or a fee quote for services please contact Steve Robinson or Paul Webster.

 

 

Date: 9th March, 2017
Author: Steve Robinson

SHARE THIS

Articles from this Author

Tweet

Foreign Direct Investment Post Brexit bit.ly/2iizp47 Andy Crook's latest article in our UK Inward Investment publication

Regulatory changes: what to look out for in addition to tax issues bit.ly/2xPMDfJ @lisajspearman latest article

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn