Academies: Finance

Department for Education written question – answered on 3rd July 2018.

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Photo of Lucy Powell Lucy Powell Labour/Co-operative, Manchester Central

To ask the Secretary of State for Education, pursuant to the Answer of 11 June to Question 140739, which multi academy trusts (MATs) have been funded through the £22,445,410 to increase MAT capacity; how much each MAT has received; and how many new schools each of those MATS has sponsored since they were awarded that funding.

Photo of Nadhim Zahawi Nadhim Zahawi The Parliamentary Under-Secretary of State for Education

Holding answer received on 15 June 2018

In 2016/17, £11,115,184 was allocated to multi-academy trusts (MATs) in the north through the Regional Academy Growth Fund (RAGF). A list of these trusts and how much each MAT received is attached.

A list of all MATs that received capacity funding through RAGF is listed on GOV.UK:

https://www.gov.uk/government/publications/regional-academy-growth-fund-award-recipients.

Between 1 March 2017 and 1 May 2018, 173 schools have opened in trusts in the north that were awarded RAGF. This includes sponsored and converter academies which reflects the aims of the fund. It does not include free schools, studio schools, university technical colleges, academies that may have joined through re-brokerage from another trust, or schools that opened as part of these trusts before 1 March 2017 or those in the process of joining.

A list of all open sponsored and converter academies can be found on GOV.UK along with the trust they joined and the date of opening within that trust: https://www.gov.uk/government/publications/open-academies-and-academy-projects-in-development.

In 2018/19, £11.3 million was provisionally allocated to MATs in the north through the MAT Development & Improvement Fund (MDIF). In line with the department’s normal practice, we expect to publish details of the recipients of the MDIF on GOV.UK in due course.

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