13/01/2012
School Jobs Saved With Funding Boost
Schools in Northern Ireland are to receive a massive boost to funding it has been announced.
In a bid to help save hundreds of jobs across the country an extra £120m will be provided in funding for education in the next three years. This move almost wipes out the current funding shortfall.
The decision – which follows talks convened by the First and Deputy First Minister - will see an additional allocation of £30m,£15m and £75m from the 2012/13 financial year on, going straight into school budgets.
It's not yet clear where the money was found.
Education Minister, John O’Dowd, said: "Schools will welcome this news."
He continued: "Since my appointment as Education Minister I have consistently highlighted the fact that that the education budget faces unprecedented financial challenges over the next three years. I said that I would argue the case with Executive colleagues for further investment to help alleviate pressures on school budgets.
"I am extremely pleased, therefore, that my arguments have been listened to and welcome the additional allocations over the next three years."
The additional funding will help plug the big shortfall in funding the Department of Education has been forced to deal with.
It saw its budget slashed by £126m as a result of a reduction of Stormont's block grant from Westminster.
(LB)
In a bid to help save hundreds of jobs across the country an extra £120m will be provided in funding for education in the next three years. This move almost wipes out the current funding shortfall.
The decision – which follows talks convened by the First and Deputy First Minister - will see an additional allocation of £30m,£15m and £75m from the 2012/13 financial year on, going straight into school budgets.
It's not yet clear where the money was found.
Education Minister, John O’Dowd, said: "Schools will welcome this news."
He continued: "Since my appointment as Education Minister I have consistently highlighted the fact that that the education budget faces unprecedented financial challenges over the next three years. I said that I would argue the case with Executive colleagues for further investment to help alleviate pressures on school budgets.
"I am extremely pleased, therefore, that my arguments have been listened to and welcome the additional allocations over the next three years."
The additional funding will help plug the big shortfall in funding the Department of Education has been forced to deal with.
It saw its budget slashed by £126m as a result of a reduction of Stormont's block grant from Westminster.
(LB)
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.