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Academies: Finance

Volume 502: debated on Tuesday 8 December 2009

To ask the Secretary of State for Children, Schools and Families for each academy where the Government has agreed with sponsors to reduce capital funding contributions how much has been repaid from within the core budget in (a) each financial year to date, (b) 2009-10 and (c) each year specified in a funding agreement. (304524)

[holding answer 7 December 2009]: There are two types of sponsorship payments for academies: traditional procurement and the endowment model. It is for traditional procurement academies that sponsorship payments are a contribution to the capital cost of constructing academy buildings. The amount of cash sponsorship varies according to how many academies a particular sponsor has. The timing for the receipt of payments varies from academy to academy and is agreed as part of the Funding Agreement between the Department and the academy.

The following table lists the academies where we have paid additional costs in lieu of part of a sponsors' contribution. The table shows the total sponsorship pledged for each academy and the amount contributed to date. The contribution from sponsors is broken down into the amount that they have given and the additional costs that were initially paid by the Department and which have subsequently been recovered. The timescale for the recovery of additional costs is agreed individually for each academy.

Academy sponsorship

£ million

Amount recovered by the Department and which counts towards the sponsor’s contribution

Academy

Total sponsorship pledged

Amount contributed by sponsor

2005-06

2006-07

2007-08

2008-09

2009-10

Total amount recovered by the Department

Total confirmed capital contribution (contributed by sponsor and recovered by the Department)

Barnsley1

1.50

0.03

0.00

0.03

Lambeth

2.00

0.66

0.34

0.50

0.37

1.34

2.00

Northampton

2.00

0.65

0.29

0.35

0.35

0.99

1.65

Paddington1

1.50

0.43

0.21

0.21

0.64

Salford1

1.60

0.21

0.00

0.21

Stockport1

1.50

0.20

0.00

0.20

William Hulme1

0.95

0.00

0.00

0.00

Manchester

2.00

0.34

0.95

0.14

0.19

0.19

1.47

1.81

Bradford (Cathedral)

1.00

0.00

0.00

0.00

Enfield OASIS

2.00

0.31

0.00

0.31

Harefield—Hillingdon

1.50

0.70

0.00

0.70

Harris Bermondsey

1.50

0.49

0.00

0.49

Harris South Norwood

2.00

0.25

0.00

0.25

Landau Forte (Derby)

0.46

0.46

0.00

0.46

Leicester Samworth

2.44

2.06

0.00

2.06

Macmillan

1.25

0.45

0.00

0.45

St. Francis of Assisi

2.00

1.19

0.00

1.19

The City Academy (Bristol)

2.50

1.67

0.00

1.67

Westminster

1.50

0.00

0.60

0.30

0.30

1.20

1.20

1 For these multiple academy sponsors, who have already committed £2 million to a number of academy projects, the commitment is for the sponsor to use reasonable endeavours to raise funds. Note: All figures as at 2 December 2009.