Academies wishing to submit bids for the latest round of the Academies Capital Maintenance Fund (ACMF) are being issued with new guidance.
The guidance, for the 2014-15 financial year, will be published on the Department for Education website in November. An online application portal will open at the start of December.
Academies will be able to bid for two projects that tackle building condition issues or expand facilities.
The majority of funds will need to be spent by 31 March 2015, with a limited amount available for two-year projects. The maximum funding available per project will be limited to £4 million.
The deadline for the submission of applications will be in January 2014 and the Department for Education expects to announce the successful projects in April 2014. For more information on how Nicklin can help, please contact us.