New School Finance

News and information for free schools and academies - focusing on finance

Monday, 6 March 2017

Academy borrowing - 1 year delay on publication

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The Education Funding Agency has said it will delay publication of figures showing how much money academy schools have borrowed to improve t...
Tuesday, 14 June 2016

Guardian cash cow questions

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A brief look at some of the issues covered in Daniel Boffey and Warwick Mansell piece in the Observer: ' Are England's academies bec...

Charity used land leased to academies to secure a loan

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Schools Week reported that land leased to two academies for 125 years at peppercorn rent is under threat after the sponsoring ' charity ...

MATs in the media

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Schools Week: How MATs want to be inspected - a look at evidence submitted by big MATs to the Education Select Committee.
Tuesday, 7 June 2016

MAT used unapproved loans to cover slow EFA payments

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Unauthorised loans with a value of £150,000 were taken out by Chapel Street Schools, a multi-academy trust (MAT) which runs six schools. Ano...
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MATs: don't build, it's easier to take over schools

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A story in the Manchester Evening News from May says: ' ...the Co-op trust, which had initially expressed an interest, has now told the...

MATs to build homes for teachers?

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Harris calls for right to build homes for its teachers: The Guardian (April 16, 2016): 'changes to planning regulations and the offer ...

FT: MAT model rolled out in prisons

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The FT said : 'The introduction of semi-autonomous “reform prisons” will result in groups of prisons being run by a single governor in t...

Supply teacher spending: academy Vs maintained

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Figures supplied by DfE in response to a parliamentary question . Supply teacher spend by local authorities in maintained ...
Friday, 13 May 2016

255 academies applied for CIF loans in 2015/16 - plans to extend scheme.

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In response to an FOI request the Education Funding Agency has said it received 255 loan applications alongside grant applications in its 20...
Thursday, 12 May 2016

130 academies 're-brokered' between trusts

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UPDATE June 15: Sir David Carter provides more details about number and breakdown of re-brokered academies: 119 total since Sept 2014, of w...
Thursday, 1 October 2015

MATs included in DfE financial benchmarking for the first time

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According to the EFA's latest Academies Bulletin: "The Department for Education has updated the academies financial benchmarking w...

Four London boroughs no longer on deprivation index

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The Office of National Statistics has published its ' English indices of deprivation 2015 ' in which one of its headlines is: 'T...

Academy given powers to issue parking fines

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A report from ITV says: 'A school in Thurrock has become the first in the country to be given the power to issue parking fines. From th...

NGA: Academy founders underestimated charity status

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An article in Third Sector magazine includes comments from Emma Knights, CEO of the National Governors Association, comparing the problems ...
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