Advanced

PARLIAMENTARY WRITTEN QUESTION
Academies: Finance (12 April 2016)

Question Asked

To ask the Secretary of State for Education, what her Department's policy is on where a school's deficit would be transferred at the point of its conversion to an academy.

Asked by:
Jonathan Reynolds (Labour)

Answer

Deficits for schools which convert to become sponsored academies remain with the local authority. These deficits remain with their local authority as these schools were the responsibility of the authority when they were found to be failing or underperforming and it is the authority’s responsibility for ensuring the school managed its expenditure satisfactorily. Deficits for voluntary converter academies will normally transfer with the school.

Further information can be found in the Department’s guidance: “Treatment of surplus and deficit balances when maintained schools become academies” which can be found on GOV.UK at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/416430/School_balances_on_conversion_submission.pdf


Answered by:
Edward Timpson (Conservative)
18 April 2016

Contains Parliamentary information licensed under the Open Parliament Licence v3.0.