Ratheniska National School is to have improvement works carried out following government approval.
Sean Fleming, Minister of State at the Department of Finance, says the funding has been approved under the Emergency Works Scheme for Access Works.
As the required access works have not been priced by the contractors, the amount of funding that has been allocated cannot be confirmed yet.
But the works will take place and Mr Fleming welcomed this news.
He said: “I welcome this good news for Ratheniska NS and the benefits it will bring to the school community.
“It is great to have this news to share with the Principal, teachers and families of all the students who attend this school.
“This funding means the school can begin works as soon as possible under the Emergency Scheme and I look forward to the improvements being completed for all involved.
“Finally, as the works have not yet been priced by contractors the funding available can not be announced at this stage.”