Schools in England will receive £2.6bn extra next year under Chancellor Sajid Javid's spending plans. This will be the first step towards reversing budget cuts and returning school funding to pre-austerity levels.
The announcement follows last week's unveiling of a three-year plan to boost school funding by £7.1bn by 2022-23.
School leaders have raised concerns about relying on a funding plan that will take three years at a time of such political and economic volatility.
The chancellor told the House of Commons putting more money into schools was investing in "lifelines of opportunity".
This announcement, relating to spending for 2020-21, confirms the first slice of Prime Minister Boris Johnson's pledge to significantly increase school spending.
When it was outlined last week, the Institute for Fiscal Studies said the full three-year funding package would be sufficient to reverse the budget reductions of the past decade.
Mr Javid said improving school funding was vital to "national renewal" and schools that had been underfunded would receive the biggest increases. His plans will mean:
- a new minimum level of per pupil spending of £5,000 in secondary and £4,000 in primary schools
- an extra £700m for pupils with special educational needs
- teachers will have a starting salary of £30,000, from 2022-23, to tackle recruitment difficulties
- £400m extra to support further and vocational education
- £66m extra for early-years provision
- schools in Wales and Northern Ireland are also expected to receive increased funding
The promise of more money for schools follows a long-running campaign over cash shortages - with head teachers writing to millions of parents about budget problems.