Jess Phillips – 2016 Parliamentary Question to the Department for Education

The below Parliamentary question was asked by Jess Phillips on 2016-03-16.

To ask the Secretary of State for Education, how much school surplus has remained with local authorities after schools have converted to academy status.

Edward Timpson

The Academy Conversions (Transfer of School Surpluses) Regulations 2013 set out the process for the treatment of any surplus balance of a school when it converts to academy status. It is for the local authority and academy trust to agree together, within four months of conversion, the amount of surplus that should be paid to the academy trust. The final amount of any payment can take into account, for instance, any sum which might have been owed by the school to the local authority. No surplus funding has remained with local authorities.

Further detail of the process can be found in the guidance on “Treatment of surplus and deficit balances when maintained schools become academies”, which can be found on GOV.UK at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/416430/School_balances_on_conversion_submission.pdf

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