(2) what estimate he has made of his Department's expenditure on bonuses for teachers in deprived schools in each of the next five years;
(3) in what year the first bonus for teachers in deprived areas will be paid;
(4) from which funding stream golden handcuffs for teachers in deprived areas will be drawn;
The cost of the ‘golden handcuff’ element of the incentive package announced in the “New Opportunities” White Paper on 13 January will depend entirely on the decisions made by individual schools. Some may choose not to take part in the initiative and those that do will be able to select which new teachers they want to offer the incentives to.
Head teachers will be able to offer the ‘golden handcuff’ to teachers taking up new posts in around 540 eligible schools from September 2009.
We are currently considering the precise structure of the incentive payment, so detailed costing are not yet available. However, the overall cost of a scheme as set out in the White Paper, “New Opportunities”, will be affordable within the overall schools budget in 2010/11. Future years fall outside the current spending review period, so it is not possible to identify allocations beyond 2010/11.