East Riding schools are set to benefit from a new National Funding Formula (NFF) in 2018.
Local MPs Graham Stuart and Sir Greg Knight have long called for action and campaigned for change to a fairer system.
The new formula, which will come into effect in 2018, will give every local school a cash boost and provide a more transparent system for educational funding.
The Department for Education have said that every school will benefit from the new formula. Had the NFF been in place for the 2017/18 academic year, schools across The East Riding would have seen an increase in their income on average over 4%.
While the NFF will give specific assistance to schools and pupils in deprived areas, the funding is designed to help every school pupil.
In Sir Greg’s view, for too long, some areas have not received a fair share of the education budget, and he welcomes the news that the Government is starting to redress the balance.
The campaign led by Graham, Sir Greg and others has helped persuade the Government to introduce this new national funding formula.