(2) how much is owed to the Government by academy sponsors.
The following table shows, in relation to those academies with a signed funding agreement the amount of sponsorship pledged together with the related confirmed capital contribution. Notes 1 and 3 to the table identify those academies where the sponsor contribution has not been paid in full because the total contribution is not yet due to be paid. Delayed building works that have slowed the rate of sponsor contributions are identified by note 4. Significant delays for any other reason, where the Department proposes to engage the trust with a view to bringing the confirmed capital contribution back on profile, are noted at 2.
The difference between the total amount of sponsorship pledged and the total confirmed capital contribution from sponsors, representing the amount due to be paid to Trusts over the remaining lifetime of building projects, is £64.415 million.
Academy with signed funding agreement Total sponsorship pledged Total confirmed capital contribution from sponsor to end of August 2007 Manchester 2,000 11,421 Lambeth 2,000 11,872 Northampton 2,000 1943 Paddington 1,500 1429 Salford 1,600 1214 Barnsley 1,500 127 Walthamstow 1,500 127 Sheffield Springs 1,500 1,500 Sheffield Park 1,000 1,000 Stockport 1,500 1202 Peckham 2,000 2,986 Harris Academy South Norwood 2,000 2250 Harris Bermondsey 1,500 30 Harris Merton 500 30 Kings 2,000 2,006 Trinity, Doncaster 2,000 2,000 Haberdashers’—Hatcham 705 705 Haberdashers’—Knights 296 296 Marlowe 2,735 12,565 Folkestone 2,250 1887 Walsall 2,500 2,565 Sandwell 2,790 12,119 Bexley 2,410 2,462 Greig 2,000 11,664 Unity 2,000 1,948 Capital City, Brent 2,000 1,993 City of London 2,000 2,000 City Academy, Bristol 2,499 11,670 West London, Ealing 2,000 2,000 London, Barnet 1,500 1,490 Mossbourne 2,150 11,631 Stockley 2,000 1,953 St. Francis of Assisi 2,000 21,187 The Harefield 1,500 442 Dixons CTC 651 614 David Young, Leeds 1,500 21,000 Grace, Solihull 2,000 2,000 Westminster 2,000 3600 Thomas Deacon 10,500 30 St. Paul’s—Greenwich 2,000 1200 John Madejski, Reading 2,000 11,926 The Bridge, Hackney 2,000 4487 Samworth Enterprise 2,443 11,143 Petchey 2,000 11,921 North Liverpool 1,000 40 Bradford Cathedral 1,000 30 Macmillan 1,250 1400 Djanogly 0 0 St. Matthew Lewisham 2,000 41,200 Enfield 2,000 356 Slough Langley 2,000 1500 Leigh Technology 2,000 30 St. Mary Magdalene—Islington 2,000 11,000 Bristol 2 Withywood 2,000 30 Newcastle Excelsior 2,000 2,020 Corby City 2,000 30 Ashcroft Technology 960 30 Landau Forte College 460 12 Oasis—Immingham 2,000 30 Oasis—Wintringham 2,000 30 Q3—Sandwell 2,000 30 Burlington Danes 1,500 30 Kensington and Chelsea 4,000 30 Brooke Weston 461 30 John Cabot 378 30 St. Mark’s Academy—Merton 2,000 50 Total 123,538 59,123 1 Amount paid up to end August 2007 in accordance with the agreed pattern of instalments. 2 In discussion with trust with a view to agreeing payment later this year. 3 None due to be paid up to end August 2007. 4 Instalment plan to be revised pending re-schedule of building works. 5 £2 million sponsorship to be invested in endowment fund as opposed to towards capital costs.
Local authorities are increasingly becoming engaged in the strategic planning and co-sponsorship of academies in their localities within their wider school rebuilding and transformational strategies. The Government welcome this engagement.
All academies’ funding agreements require them to have at least one local authority representative on their governing body, and local authorities acting as co-sponsors will usually have two governors. In order to determine the ethos and leadership of the academy, and ensure clear responsibility and accountability, the private sector or charitable sponsor always appoints the majority of the governors. This is the case even when a local authority is acting as co-sponsor for wider purposes. All academies are run on an independent basis.