High-performing academy trusts are being encouraged to grow and support more schools across England, supported by £17m announced today by the Education Secretary Damian Hinds.
The Trust Capacity Fund will be used by high performing academy trusts to build on the rising standards in many sponsored academy schools, by ensuring they can provide support to communities and schools that need it most.
Alongside this the Government is setting out more details on a new package of support, worth an estimated £16.5m, to support 2,400 underperforming schools to improve their leadership.
Figures published last week showed that there are 380,000 children now studying in good or outstanding sponsored academies that were previously underperforming council-run schools – and that seven in 10 previously underperforming schools, have been rated good or outstanding by Ofsted since becoming an academy – compared to one in 10 under local authority control.
Education Secretary, Damian Hinds said: “Strong academy trusts across the country are already supporting schools in many of the communities that need it the most and this funding will help this to happen in even more areas.
“Academies are at the heart of our reforms to education and just last week new data revealed that the last year has seen 80,000 more children studying in good or outstanding sponsored academies that were previously run by local authorities which is why we must continue to give these charitable institutions the opportunity to turn around more schools.”
Launching in September and providing funding until the end of the financial year, the Trust Capacity fund will build on the success of previous rounds of funding awarded to successful academy trusts to help tackle underperformance and improve schools.