Academy Conversion Funding Agreement

You must complete your dissertation and articles of association with your funding agreement. If you plan to convert the status of the Academy, you can declare your interest. A specialist from the Ministry of Education will then contact you to discuss your options. Application forms have been added for the Elementary Academy Chain Development Grant and the Small School Supplement Grant. We provided the funding agreement in Word and ODT format. A Multi Academy Trust enters into a framework funding contract that governs the funding of all MAT academies. In addition, for each academy, the MAT concludes an additional funding agreement specific to each academy. The terms of the framework funding contract and any supplementary funding agreement are similar to those of a single academic funding agreement. The main addition is that the MAT must create an „advisory body“ for each academy. This will be the local governing body of each academy, which can only be advisory (i.e. without a decision) or with limited decision-making power, as decided by the MAT Board of Directors and defined in a delegation plan.

The funding agreement provides the framework for your academy or free school. These model funding agreements apply to: an exit clause has been added to the documents „Special academy and free school model funding agreement: single academy trusts“ and „Alternative provision academy and free school model funding agreement: single academy trusts“. Further instructions are available for the transformation into an academy and the opening of a free school. The obligations of the Academy Trust in the funding agreement depend on the type of Academy. For a mainstream academy, the Academy must: The Academy Trust must also meet the essential conditions of the grant, so that: The „Creation or Membership in an Academy Trust“ section of the Academy Transformation Guide explains how and when these documents are to be used. If you are a school that is flying in the process of turning into a mainstream academy with a single academy trust, you can also enter into the funding agreement online.