ISLAND schools are set to benefit from a £14 billion government cash injection — but the Isle of Wight Council and education unions said the money would not cover rising costs.

Figures published by the Department for Education have revealed how much money could potentially be allocated to the Isle of Wight — The Bay CE School could receive £4.5 million, but Cowes Primary School could see its budget cut by more than £65,000.

Prime Minister Boris Johnson said in August school budgets would be increased by £14 billion over three years, rising to £52.2 billion by 2022/23.

Every secondary school will receive a minimum of £5,000 per pupil next year, and every primary school will receive a minimum of £4,000 the year after that.

According to a national funding formula, which takes into account pupil numbers and the previous year's funding, ten Isle of Wight schools are set to lose out while the other 36 are set to receive extra funding ranging from £5,975 (Bembridge CE Primary School) to £650,054 (Ryde Academy).

The figures indicate The Bay CE School, which recently become an all-through school for children aged between four and 16, will receive £4.5 million after welcoming 788 new pupils in September — an average of £5,167 per pupil.

However, schools with fewer pupils are set to see their budgets cut.

Cowes Primary School is set to lose £65,222 after pupil numbers dropped by 29 between 2018/19 and 2019/20, and Oakfield CE Primary, Ryde, faces a £33,228 budget cut.

However, not all schools with fewer pupils will lose money. Christ The King College has 38 fewer pupils but could potentially receive a funding boost of more than £118,000.

The Isle of Wight Council said the figures were indicative and it was too early to speculate on the final allocations — but confirmed the extra funding would not be enough.

A council spokesperson said: “Indicative figures suggest the amount of money available for education on the Isle of Wight will increase next year by 4.53 per cent for schools and 7.53 per cent for the high needs, taking the total to nearly £90 million, which we welcome.

“We are pleased the government has increased funding for students with high needs, although the additional money is unlikely to cover the current and future rising demands."

Peter Shreeve, joint secretary of the Isle of Wight branch of the National Education Union, agreed the funding would not be enough.

He said: "These figures do not take account of the sustained deep cuts schools have received since 2015.

"If the council needs to fund the statutory high needs, they do this by transferring money from other parts of their budget or from reserves. The council's high needs block is already in overspend.

"Funding allocations, therefore, are almost certain to be lower, as the council attempts to fulfil its statutory duty.”

Isle of Wight MP Bob Seeley welcomed the new funding, and said: "I am delighted Island schools are seeing an increase in funding.

“It is important more money is being put into special education needs (SEN) provision — we need more focus and provision for SEN children on the Island.

"£780m more is being put into SEN nationally, and I will be arguing for an increase in the Island’s SEN budget."

Consultation with schools, headteachers and governors as part of the Island's School's Forum will now take place and a final local funding formula will be agreed in January, with individual budget shares issued by the Department for Education in February.