Lord Storey – 2016 Parliamentary Question to the Department for Education

The below Parliamentary question was asked by Lord Storey on 2016-01-21.

To ask Her Majesty’s Government what are the financial advantages of a school converting to academy status.

Lord Nash

Academies and free schools receive per-pupil funding on an equivalent basis to all other maintained schools. A fundamental principle of the programme is that no school should be financially advantaged or disadvantaged in converting to academy status. Academies have greater freedom than maintained schools to determine the use of the money they receive.

Academies also currently receive funding through the Education Services Grant in respect of services that local authorities provide for maintained schools and which academies provide for their own pupils. Academies and local authorities receive the education services grant on the same basis, according to a national per-pupil rate.

Academies can form or join multi-academy trusts, allowing them to achieve efficiencies through economies of scale and shared procurement. By coming together in a formal joint-governance structure, multi-academy trusts give schools the ability to maximise the potential benefits from collaboration.