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Pupil Premium Funding 2023-24: Five Things You Need to Know

Pupil Premium funding, introduced in 2011 and designed to improve the educational outcomes of disadvantaged children is worth a total of £2.9bn in 2023-24. However, as you know pupil premium funding isn’t always consistent year-on-year, and the uncertainty of changes can have a big impact on your school plans, making it vital that school leaders such as yourselves keep on top of funding changes and the latest guidance each year.

And so, here we take a look at five key things you need to know about Pupil Premium Funding 2023-24.

1. All Pupil Premium types increased by 5% on the previous year.

Whether pupils are eligible for the Early Years Pupil Premium (EYPP), are in Primary or Secondary schools, are Looked After Children (LAC) or Service Children, all forms of Pupil Premium and Pupil Premium Plus received a boost of 5% for 2023-24

In real terms, this meant per child rates of:

  • £353 for Early Years
  • £1,455 for Primary School
  • £1035 for Secondary School
  • £2,530 for Pupil Premium Plus
2. Payment for maintained schools and academies will be made on different dates

Through the 2023-24 funding term, quarterly instalments are made to local authorities on:

  • 30 June 2023
  • 29 September 2023
  • 29 December 2023
  • 28 March 2024

Academies, including free schools, will receive quarterly instalments according to the following schedule:

  • 10 July 2023 – for academies open by, and on, 1 April 2023
  • 9 October 2022 – for academies open at 1 April 2023
  • 8 January 2043 – for academies open at 1 September 2023
  • 9 April 2024 – for academies open at 1 January 2024
3. Schools converting to academies have a different payment schedule

For those schools looking to convert, or new academies opening, it is key to note that academies and free schools that open during this financial year and do not have a predecessor school will be paid their allocation in full in April 2024. This will happen once their census data is available.

For schools in the process of conversion, the DfE has advised that local authorities should pay the Pupil Premium Grant according to the following schedule:

  • If converted on or by 1 September 2023, five twelfths of their annual allocation
  • If converted after 1 September 2023 and on or by 1 January 2024, nine twelfths of their allocation
  • If converted after 1 January 2024, full allocation

Remaining allocations will be paid directly to academies by the ESFA.

4. All schools and academies must have published their Pupil Premium strategy statement by 31st December every academic year.

Annual Pupil Premium strategy statements are required from all schools and academies. These statements are designed to outline and showcase a schools’ pupil premium funding spending plans and its intended impact.

The DfE provides templates for the statement, as well as examples based on the type of school that might be preparing the strategy.

A sample of published statements will be used for monitoring checks by the DfE. However, it is strongly recommended that all school governors should be scrutinising these pupil premium strategy statements, In line with their duty to hold school leaders accountable.

5. The Pupil Premium plays a critical role in reducing the attainment gap

The lingering effects of Covid-19 still seem to be having a negative impact on the attainment gap. Research shows that, despite schools being fully back open for a while now and having remained open for certain cohorts throughout the pandemic, the attainment gap has increased between pupils from disadvantaged backgrounds and their peers. Data published in October 2023 showed that the attainment gap is now at its widest in over a decade, with the gap widening every year since the pandemic began in 2020.

Considering this, the importance of providing valuable interventions and support for children and young people eligible for the Pupil Premium and Pupil Premium Plus is more critical than ever. While efforts are required for core subjects such as maths and science, a more holistic approach is also needed to support those pupils in your care with social and emotional development too, ensuring good mental health and wellbeing and a sense of safety and security that enables them to thrive and reach their full potential.

It is imperative that schools remain creative in the ways in which they look to spend their pupil premium funding and we hope that this guide has provided you with useful information that will help.

If you want to learn more about the Pupil Premium and the role that disadvantage plays within education then please join us, thousands of your peers and many suppliers who will be able to help you on you education journey at the SAAShow in London on the 1st of May. You can find out more information here: https://www.schoolsandacademiesshow.co.uk/ or register by clicking on the banner below.

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