New Model Funding Agreement

The AMF is concluded between the Secretary of State for Education (SoS) and the Multi Academy Trust (MAT) and is the framework under which the MAT agrees to work in exchange for funding. The AMF looks at issues such as authorizations, exclusions and reporting obligations. The Secretary of State reserves the right to terminate the funding agreement or to request the withdrawal of a member/agent if a person refuses to provide the necessary information or if the State Secretary deems it “inappropriate”. The new governance clauses are designed to ensure that inappropriate individuals or organizations are not included in the academic sector. Established Academy trusts considering updating their current funding agreement to the latest model should contact us via the DEFA online application form. An academy`s grant agreement can be reached on its individual school page. In the list of search results, click on the name of the Academy whose promotion agreement you want to see – it redirects you to its individual school page. So when should you update your funding agreement? A fiduciary academy agreement may be required to accept the new model funding agreement for one or more of its academies as a precondition for approval: the DfE requires all academies and free schools that open on September 1, 2014 to use the updated agreements. While the 2020-2021 CIF nomination cycle is now complete for applications, Academy trusts may consider updating their funding agreement before the next round, as this additional point assessment base is likely to be the same next year. In addition, changes must be made to existing funding agreements published prior to the revised June 2014 version. Changes that need to be made depend on the version used by the Academy, but include either the full replacement of the documents with the new version of the model, or the addition of additional provisions to ensure that they match those contained in the revised document. Type funding agreements for schools or groups creating a new multi-academy trust and individual or multi-academie trusts for the creation of new academies and free schools.

Single Funding Agreement and Master Funding Agreement For more details on the additional changes and provisions added to the revised funding agreements, as well as changes to existing funding agreements prior to the June 2014 release, please contact us. Type funding agreements are published on the Ministry of Education `DfE` website Model funding agreements Since the publication of the first model funding agreements, the policy has changed several times and many academy trusts with older documentation might not be aware of the following changes that could be beneficial to the Trust: If you create a multi-academy trust fund, you use the master funding contract for the trust as a whole.

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