Academies: Finance
The question
To ask the Secretary of State for Education, what assessment she has made of the potential impact on schools of ending the academy conversion support grant.
Answered by Catherine McKinnell
High and rising standards are at the heart of this government’s mission to break down barriers to opportunity and ensure every child has the best life chances.
Trusts have played, and continue to play, an important role in supporting collaboration between schools and spreading best practice in pursuit of high standards. Against a challenging fiscal inheritance the government has had to make difficult choices and ensure that limited funding is best targeted. On 1 November, we announced that we would be ending the academy conversion grant from 1 January 2025.
Voluntary conversion is a choice for schools. The department thinks that the benefits, including financial, of joining a strong structure are well understood in the sector and schools and trusts should continue to make these informed choices.
Additionally, latest published figures show 98% of academy trusts and 87% of local authority maintained schools are in cumulative surplus or breaking even. At the Autumn Budget 2024, the government announced an additional £2.3 billion for mainstream schools and young people with high needs for 2025/26, compared to 2024/25. This means that overall core school funding will total almost £63.9 billion next year, compared to £61.6 billion in 2024/25, after technical adjustments.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →