9. Funding

The funding agreement doesn’t state the amount of grant the Academy Trust will receive for running the Academy. This information will be provided in the annual letter of funding.

 

The DfE will send an ‘indicative letter of funding’ prior to the Academy Trust’s first payment informing the Academy how much grant they will receive to cover the period between the conversion date and the end of August. This letter is usually sent four to six weeks prior to conversion.



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