£3,027,453 – that’s how much it cost for 23 academies to transfer from one academy trust to another between September 2013 and October 2014.
The Department for Education (DfE) had refused to reveal transfer expenditure but a Court ruled the data must be published. I received the information yesterday.
Seven of the 23 involved no cost at all.
It cost taxpayers £1.5m+ to transfer eight E-Act academies to new sponsors. The DfE told E-Act to give up some of its academies after critical Ofsted reports and the discovery that E-Act had been operating in a culture of extravagance.
Nearly £500k was spent on transferring two Richard Rose academies to United Learning. Transferring two free schools originally run by CET cost £237,000.
£302k was spent transferring Stamford Queen Eleanor School, now Stamford Welland Academy, from CfBT to CMAT. CfBT claimed it gave up Queen Eleanor because it was ‘geographically isolated’. This is odd because CfBT has had a presence in Lincolnshire for over ten years and still has two secondary schools within 20 miles of Stamford.
So why did CfBT drop Queen Eleanor? CMAT had supported a proposal for a secondary free school in Stamford. This was turned down but CMAT says the DfE asked the trust to take over sponsorship of Stamford Queen Eleanor ‘allowing the delivery of the Stamford Free School vision to be rolled out’. This roll out cost £300k in transfer fees.
Transferring Isle of Sheppey Academy to Oasis cost nearly £196k.
The academy transfer market is growing – just over 100* changed from one academy trust to another by 31 August 2015. I’ve submitted a FoI request asking for how much taxpayers have paid to facilitate these transfers.
The Government wants all schools to be academies. As the number increases so will the number changing hands. There will be no end to this expenditure. The Government has created a system which will require spending on transfers far into the future.
*This includes the 23 discussed here.
ADDENDUM: The above discussion covers just 19 of the 23 transferred academies. The remaining four, including two CET free schools in London, cost a total of nearly £300k to transfer them to new multi-academy trusts.