Academy Funding Agreements

In addition, changes must be made to existing funding agreements published prior to the revised June 2014 version. Changes that need to be made depend on the version used by the Academy, but include either the full replacement of the documents with the new version of the model, or the addition of additional provisions to ensure that they match those contained in the revised document. Academies are government-funded schools, which have the freedom to govern independently – but all are accountable to the Minister of Education. To exchange resources and best practices, many are part of multi-academie trusts – a network of schools under a law enforcement position. Always get the Academy funding contract you`re dealing with. Funding agreements are no longer available via a link. To obtain the funding agreement, look for the Academy in reference to its full name in the performance section of the Department of Education (DfE) Site. The DfE requires that all free-to-use academies and schools be opened on 1 September 2014 to take advantage of the updated agreements. The new governance clauses are designed to ensure that inappropriate individuals or organizations do not engage in the academic sector. The quickest way to find the Academy you`re looking for is to enter your name in the « By the name of school or city » search area on the Performance Tables homepage and click on the search. Model funding agreement for the academy`s individual trusts for the creation of new academies and free schools.

Type funding agreements will be published on the Ministry of Education (DfE) Website Revised funding agreements require from the akademie trusts: If you need advice or assistance in determining changes to your funding agreements and/or governance training to ensure compliance with new governance requirements, Please contact Chris Billington on 0113 244 6100. Further advice on converting into an academy and opening a free school is available. If you are a school in the process of transforming into a mainstream academy with a single academy trust, you can also conclude the online funding agreement. The new funding agreements for regular and free schools, opened on or after September 1, 2014, are available on the gov.uk website using the following links: Academies receive money directly from the government and not from the city council.