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

 

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