The cash boost takes the total pupil premium per child to £488 for 2011/12.
Children’s minister Sarah Teather said the extra money would directly benefit the pupils who need it most.
"We know that just 27 per cent of pupils on free school meals get five good GCSE grades compared with 54 per cent of non-free school meal pupils," she said. "This extra funding will help tackle this inequality and enable schools to provide the extra support they need to reach their full potential."
At the Liberal Democrat Party’s annual conference last month, Teather announced that funding for the premium will double to £1.25bn next year. It will rise again each year until 2014/15 when it will be worth £2.5bn.
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