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May 9, 2012

Think Left

Academies – Overpayment by 120 Million pounds

There is plenty of evidence that the reason why so many schools have converted to Academies is because of the extra funding.

According to the Financial Times , May 8 2012 ,
Schools taking part in the government’s flagship academies programme are being overpaid by more than £120m this academic year owing to errors by the Department for Education, an investigation by the Financial Times has revealed.
The majority of the overspend will be clawed back from local authorities, stoking concerns that schools participating in the converter academies scheme are being favoured over other state schools. They gain autonomy over pay and curriculum, but are supposed to receive equivalent funding.

 Analysis of DfE data reveals that 90 per cent of England’s 1,421 converter academy schools are being overpaid, with the bulk of the errors coming from schools which converted in the previous academic…

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