Academy Mat Funding

Boards can access a range of dfe funded training including.

Academy mat funding. Its predecessor the regional academy growth fund had 31 million. Who receives the funding for an academy within a mat. Schools in the process of becoming an academy with a multi. In any given financial year all schools eligible for capital funding will.

Capital works at mat schools are funded by a combination of dfc as in a maintained school and the dfe academies condition improvement fund cif. However a schools week investigation in march revealed that despite the generosity of the previous funds the money wasn t always having the desired effect. Published 14 october 2017. The academies financial handbook afh requires academy trusts to produce a 3 year budget and to balance for the current year taking into account carried forward funds.

The mat development and improvement fund which opened in late 2017 had 53 million available. The terms of the arrangements are set out in individual academy funding agreements. Academies that are not part of a qualifying mat or opted in chain can apply to the condition improvement fund cif. Dfc will be automatically calculated based on pupil numbers and paid once a year whereas the cif is accessed through a bidding process which the mat would assist with.

The funding agreement provides the framework for your academy or free school to operate in. Under a mat structure the general annual grant gag in respect of each academy would be received by the mat and would be under the control of the directors. These model funding agreements are for. There is no requirement to.

The governance of a mat is very different to that of a single academy or maintained school and a different set of skills will be required. The group of schools in a multi academy trust work. The funding agreement fa provides the framework for an academy or free school to operate in.