The Department for Education (DfE) has launched a new grant for primary schools converting in chains, with the potential for schools to benefit by up to £150,000.
It announced earlier this year that the primary academy chain development grant would replace the existing primary chains grant.
The DfE said: “More primary schools are becoming academies, many in groups. The primary academy chain development grant aims to help new clusters of primary schools to build strong partnerships and raise standards.
“It will fund a two-year development programme for new multi-academy trust (MAT) partnerships. A one-off grant of £100,000 is available to chains of three schools creating a MAT (subject to availability), with an extra £10,000 available for each additional school joining the new MAT, up to a maximum of £150,000.”
The grant is available while funds remain available, or until 31 July 2014.
The department said that additional financial support for primary schools with fewer than 210 pupils joining a new MAT would also be available through the small school supplement to cover the expenses involved. Primaries with 100 pupils or less can apply for £5,000 and those between 100 and 210 pupils can apply for £2,000.
Interested schools should contact the DfE at email@example.com for further information.
The academies team at Nicklin is experienced in supporting schools converting to academies and is ideally placed to support primary chains through the process and beyond. For more information, please contact us.