Wednesday 24 June 2015

No details on academies' CIF loans until process complete

The 2015/16 Condition Improvement Fund (CIF) grants were announced in March but there have yet to be any announcements on the level of interest shown by academies in the new loan element. 

In response to a Freedom of Information request the EFA said: ‘We are anxious that colleges be confident that they can afford the repayments and do not feel under undue pressure to take a loan. It is likely that should the negotiation be open to the public at this point in time, there could be direct influence placed on the school leading to hasty decisions being made.’