Government moves to slash education funding means schools in the East Midlands are set to lose £225m from their budgets from 2015 - 2020.
This is the equivalent of 1157 teachers lost in the East Midlands or 11m textbooks.
The figures released by Labour show that in the East Midlands school funding will fall by 10 per cent per pupil from 2013-19, the equivalent of £445 per pupil.
Commenting on the figures, Angela Rayner, Labour’s Shadow Education Secretary, said: “This is yet more damning evidence this Government is only looking out for a privileged few.
“Budgets are falling, class sizes are soaring, teachers are leaving in droves and the Tories are breaking their promise to increase funding for every pupil.
“Head teachers are in despair while the Government is in denial. Ministers have to act now if education isn’t going to plunge further into crisis.”
Alan Rhodes, Leader of Nottinghamshire County Council said: “Nottinghamshire Labour has always campaigned for fairer funding for our schools.
“Figures show that some of our schools in Nottinghamshire are set to lose and set to lose big – this is unacceptable.
“Schools are being expected to do more for less, this Conservative Government has not protected school’s core funding and this new funding change is going to leave many schools in a very difficult situation. Cuts to education inevitably means schools are left with very little other choice but to cut school staff.
“This can result in bigger class sizes, greater stress put on teaching staff and students, cuts to support services for those with additional needs and even cuts to basic but essential resources such as paper and books.”