Schools Capital and Finance

Latest Update

Capital funding available for academies to address energy reduction projects. See link below
https://www.churchmarketplace.org.uk/members/shared/uploads/files/other/1479826306_Salix_Energy_Efficiency_Funding_Nov2016.pdf

Latest Update

The Archdiocese of Birmingham is one of three areas chosen by the DFE for the pilot LCVAP programme for 2017/18. As a member of the pilot scheme the diocese shall be receiving a capital allocation directly from the DFE for our voluntary aided schools located in 7 of our local authority (LA) areas. Those LA's that will form part of the pilot scheme to are; Birmingham, Sandwell, Dudley, Wolverhampton, Walsall, Solihull and Staffordshire. The responsibility to co-ordinate the programme will rest with the Diocesan Education Service, we shall become the 'Responsible Body'. There are a number of advantages to becoming a member of the pilot scheme, including being able to move funding across local authority boundaries should this be required in order to address diocesan strategic priorities.

As the diocese will be deemed the responsible body, we will be introducing a 1% levy on LCVAP funded projects as a contribution towards the programme administration costs.

We shall be contacting head teachers of voluntary aided schools in due course regarding priority project submission for next year’s programme. We anticipate emailing headteachers during October 2016 with further details about this.

Key Resources:

Academies Funding: A to Z of terms (found on www.gov.uk) - Web

2017 Academies Benchmarking Report
http://www.uhy-uk.com/resources-publications/publications/academy-schools-update/2017-academies-benchmarking-report/

Schools are able to access differing capital funding streams dependent upon their status; Voluntary Aided (VA) schools are maintained schools and are eligible for capital funding by grant from the Department for Education (DfE). The LCVAP programme is the capital funding stream accessible to VA schools, however, the governing body must usually pay at least 10% of the costs of capital work. The Archdiocese of Birmingham co-ordinates the LCVAP programme in conjunction with local authorities for Catholic schools in its area.

Responsibility for work to VA school premises is shared between the school’s governing body and the local authority (LA). The LA has responsibility for the playing fields and the governing body are liable for all other capital expenditure. Further information about VA schools capital can be found by following the link below:

https://www.gov.uk/guidance/voluntary-aided-schools-capital-funding#voluntary-aided-schools

For further information on how to access this funding stream, please contact the schools capital & finance team email: ([email protected] or [email protected])

VA schools also receive a formulaic capital allocation known as Devolved Formula Capital (DFC) from the DfE. DFC funding can be used for improvements to buildings and other facilities, including ICT, or capital repairs/refurbishment and minor works. It is for governing bodies and headteachers to determine how this funding is spent.

Academies at present must submit bids to the DfE for capital funding. Further information about the Condition Improvement Fund can be found by following the link below:

https://www.gov.uk/guidance/academies-capital-funding-and-support

DFC provides academy trusts with capital funding to address their own priorities. DFC funding can be used for improvements to buildings and other facilities, including ICT, or capital repairs/refurbishment and minor works.
https://www.gov.uk/guidance/capital-funding-for-multi-academy-trusts-mats
Basic need funding is the money the DfE gives local authorities each year to help them fulfil their duty to make sure there are enough school places for children in their local area. This funding stream is accessible to all schools regardless of their status (VA, academy or free school) and is available to fund school expansions and new schools. The Archdiocese of Birmingham works with local authorities to develop catholic school place planning strategies across the diocesan area.