Academies - new funding agreements published

Academies - new funding agreements published

New master and supplemental funding agreements were published in December 2020 for use in conversions from April 2021. The changes to the new versions are broadly positive, particularly the improvement of the guidance notes around the selection of governance clauses for Church academies. The new model supplemental funding agreement also makes explicit the requirement for a school with different governance from the MAT it is joining to have a local governing body that reflects the school's governance, which is helpful in ensuring that MATs and their advisors are aware of this. Two clauses (2.Z and 2.AA) were inadvertently omitted from the models when these were published last month and, although the website versions have now been corrected, MATs that have already begun working on the new models should check their drafts and correct if necessary. Please do contact the Education team if you would like further information on the new models.