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ARTICLE · 18 SEPTEMBER 2020

Is It Time To Update Your Funding Agreement Documentation?

Over the last several months we have supported a number of academy trusts in updating their funding agreement documentation to the latest DfE model.

United KingdomFinance and Banking
Eleanor Boyd
Eleanor Boyd

Over the last several months we have supported a number of academy trusts in updating their funding agreement documentation to the latest DfE model.

Sometimes this is a requirement of the RSC in the context of a new school joining the trust. In other instances, the purpose of the update is to secure a CIF (condition improvement fund) bonus point.

Whilst the CIF 2020 to 2021 application round is now closed for applications, academy trusts might start to think about updating their funding agreement(s) in advance of the next round, as this additional points scoring basis is likely to be the same next year.

When Should You Update Your Funding Agreement(s)?

DfE Policy Updates/Changes

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