Schools will receive nearly GBP1.2 billion of additional funding in the 2024/25 financial year to help cover the costs of the pay award.
A fully funded 5.5% uplift to the salaries of teachers and headteachers in England is an important "first step" in reversing real-terms pay cuts which school staff have faced, union leaders said.
The Government has accepted the recommendations of the School Teachers' Review Body (STRB) "in full" and teachers' pay will increase by 5.5%.
The Department for Education (DfE) said the pay award is equivalent to an increase of more than GBP2,500 for the average teacher from September, which would take the median salary for 2024/25 to over GBP49,000.
Schools will receive nearly GBP1.2 billion of additional funding in the 2024/25 financial year to help cover the costs of the teacher pay award and support staff pay offer, the Education Secretary has announced.
In April, delegates at the National Education Union (NEU) annual conference voted to wait to hear the pay offer before potentially moving to a formal ballot on strike action.
The NEU said it would have a "snap poll" in September to allow its members to judge whether the Government's 2024/25 pay offer is acceptable or not.