The James Capital Review published last week includes yet another incentive for schools to consider conversion to Academy status. Under their proposals individual Academies who are not part of a group would get their own allocation of devolved capital funding. Schools which are LA maintained would be included in capital maintenance and improvement plans determined by their local authority or Diocese (in the case of VA schools). Academies in groups would have their needs determined by the Academy sponsor.
Therefore if a school has aspirations for capital investment the only way to guaranteed control over a sum of money would be to be an Academy.
Free Schools of course are to be funded, procured and delivered by central government along with all the serious amounts of capital for major capital schemes (interesting to see where the threshold is drawn).
It will be interesting to see the government's response to the review.