Children, Schools and Families written question – answered at on 14 October 2008.
To ask the Secretary of State for Children, Schools and Families what the value is of (a) land and (b) buildings owned by academy trusts and foundations; and how much funding has been contributed by academy and foundation school sponsors to the capital costs of these schools.
The Department does not collect information on the value of academies' land holdings and buildings. Information on the net book value of freehold land and buildings for individual academies open by 2006 is currently available in their statutory accounts.
There is no central record of the value of land and buildings held by foundation schools, or the foundations of voluntary schools.
The total of capital sponsorship of academies for which the Department has evidence of payment as at July 2008 is £75.4 million.
Foundation schools as a category do not have sponsors. If they are also trust schools there is not a sponsorship requirement, and any financial contributions from trust members are on a voluntary basis and neither payment nor use is centrally recorded.
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