There are no changes to an individual school’s core funding when it converts to academy status, since academies are funded on an equivalent basis to maintained schools in the same area. Schools take on additional functions when becoming an academy, which local authorities provide for maintained schools; academies receive funding for those functions on an equivalent basis to local authorities.
On educational standards, we continue to see the positive effects of academisation. Results in primary academies open for two years have improved, on average, by 10 percentage points since opening, a result which is double the rate of local authority maintained schools over the same period. Similar results are seen for secondary schools where the recently opened academies are matching or bettering their performance year on year.