Overview of Impact of Secretary of State’s 2023/24 Budget

In 2022/23 £75m of savings were required, some of which were offered as one-off savings. Now DfE is starting 2023/24 having to deliver the £75m from 2022/23 again, plus an additional £55m.

Real impact on DfE

Overview of impact of SoS 2023/24 budget on DfE	Draft Budget 2023/24 £m	SoS Budget 2023/24 £m	Reduction £m	Reduction %
DfE Controllable Allocation	842	742	(100)	-12%
Technical Transfers	5	5		0
Add Ring Fenced Allocation	25	25		0
Total	872	772	(100)	-12%
Add Pressures			(30)
Total Savings Required			(130)	-16%

Impact of meeting £130m of savings

		£m
One-off savings delivered in 2022/23 that must also be delivered again in 2023/24	Reduction in programme spend for both Invest NI & FE Colleges. Vacancies not filled. Inability to deliver key skills programmes. including All Age Apprenticeships No increase to Maintenance Grants for eligible HE Students	75
Additional Savings Requirement 2023/24	Further reduction in Skills and Education initiatives including funding to FE and HE. Further reduction in support to business/ tourism. Reduction to other frontline services including Employee, Consumer and Regulation Bodies	55
Total		130