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Over £11billion worth of funding would be required to bridge this gap.
The additional funding would be contingent on districts' adopting specific reforms.
The government says universal state funding would be a subsidy to the rich.
Labor is also saying its longer term funding would be subject to a new negotiation.
Concerns have been raised over how public funding would be spent.
The extra funding would be "investment to lubricate these changes [envisaged]", added Stevens.
Tony Abbott said Australia's funding would be "strictly invested in practical projects".
"For smaller-scale startups a bit of seed corn funding would be a great idea.
A DCMS spokesman said more projects which had won funding would be announced in due course.
This funding would be sharia-compliant and overseen by a sharia advisory committee".
He said that "significant additional funding" would be sought next year.
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