£225.5m funding boost to support education in Wales

12 Dec 2024 01:24 PM

The education sector is set to benefit from £225.5m in funding, with schools, colleges and other settings receiving funding to help meet the needs of learners across Wales.

The funding will be made up of £114m additional in year funding for 2024 to 2025 and £111.5m allocated in the draft 2025 to 2026 budget. This is in addition to the proposed increase of £253m (4.3%) to the Local Government settlement in 2025 to 2026.

As outlined in the Draft Budget for 2025 to 2026 this week (10th December), education is set to receive an additional £83.5m revenue funding (4.9%) and £28m of capital funding (8.1%).

The money will be used to fund the following priorities:

Cabinet Secretary for Education Lynne Neagle said: 

The Draft Budget is committed to providing a brighter future for Wales, and education is at the heart of this goal. Providing funding to future-proof skills and provide opportunity for all.

Alongside a package of funding announced in the Draft Budget, which is a substantial investment in our learners and workforce, I am pleased to confirm an additional £114m in year funding which will have an immediate impact across the sector.

The additional £114m in year money will boost the following activity: