Primary, secondary and special schools will get money from the government's pupil equity scheme
Deputy First Minister and Education Secretary John Swinney revealed that 2,513 primary, secondary and special schools will get cash from its pupil equity scheme.
The money is divided according to how many children in primary classes and the first three years of secondary school are entitled to free meals.
It was originally meant to be financed by changes to council tax but will instead be taken directly from the government following a town hall backlash.
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Mr Swinney said the cash, handed directly directly to head teachers, would help tackle a "cycle of deprivation".
But critics warned the money was "dwarfed" by a £327 million real terms cut to local authority funding in the SNP's draft Budget.
Labour education spokesman Daniel Johnson said: "The SNP sums simply don't add up on schools funding.
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"Head teachers will see this new funding alongside shrinking budgets, so it's simply SNP spin after £1.4 billion of cuts since 2011."
The SNP sums simply don't add up on schools funding
Daniel Johnson, Labour education spokesman
Liz Smith for the Tories welcomed the government's bid to reduce the gap, but she was worried children in smaller schools had missed out.
She highlighted that 114 mostly smaller schools would be getting no money this year.
Critics warned the money was 'dwarfed' by a cut to local authority funding
Ms Smith said: "The Scottish Government needs to provide assurances that this is because the money there is not needed, rather than a fault in methodology."
Glasgow will receive more than a sixth of the cash with £21,602,400.
The city's St Andrew's Secondary School was also handed the largest individual award of £354,000.
Schools in the Moray area are in line for £1,270,800, while £9,787,200 will go to schools in Fife, £8,871,600 in North Lanarkshire.
Liz Smith welcomed the bid to reduce education gaps but worried smaller schools had missed out
Those in South Lanarkshire will see £7,867,200 and £7,472,400 will help schools in the Edinburgh City Council area.
Mr Swinney said: "We are providing additional ring-fenced funding which will enable individual schools to target support where it is needed the most.
"The allocations I am announcing today will let parents, teachers and school leaders see how much funding their schools will receive in 2017-18 to help break the inter-generational cycle of deprivation.
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