Jonathan Reynolds – 2016 Parliamentary Question to the Department for Education

The below Parliamentary question was asked by Jonathan Reynolds on 2016-04-12.

To ask the Secretary of State for Education, what her Department’s policy is on where a school’s deficit would be transferred at the point of its conversion to an academy.

Edward Timpson

Deficits for schools which convert to become sponsored academies remain with the local authority. These deficits remain with their local authority as these schools were the responsibility of the authority when they were found to be failing or underperforming and it is the authority’s responsibility for ensuring the school managed its expenditure satisfactorily. Deficits for voluntary converter academies will normally transfer with the school.

Further information can be found in the Department’s guidance: “Treatment of surplus and deficit balances when maintained schools become academies” which can be found on GOV.UK at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/416430/School_balances_on_conversion_submission.pdf