Academies: Assets:Written question - 33171

Q
(City of Chester)
Asked on: 08 April 2016
Department for Education
Academies: Assets
Commons
To ask the Secretary of State for Education, what total value of assets has been transferred from local authority control to control by academy schools or combinations of academy schools in each of the last five years.
A
Answered by: Edward Timpson
Answered on: 29 April 2016

The majority of the assets that transfer to academy control on conversion are land and buildings. In the vast majority of conversions the local authority (LA) retains the freehold, and will lease the land and buildings to the academy. No academy can dispose of land without the Secretary of State’s consent and – where they retain the freehold – the LA.

In accordance with government accounting requirements the Department for Education is obliged to consolidate academy trust’s accounts into our own and record the total value of net assets that academies control; including land and buildings leased from LAs.

The table below summarises information we hold and have published on the transfer, in accountancy terms, of assets to academies. As the Department for Education has only been required to consolidate academy trust’s accounts into our own from financial year 2012-13, it is not possible to provide individual figures for 2010-11 and 2011-12.

Net assets transferred to EFA on conversion of academy trusts from local authorities.

Year

Net assets transferred from local authorities (£m)

Academies converting before 1st April 2012

13,900

Academies converting in 2012-13

6,213

Academies converting in 2013-14

3,390

Academies converting in 2014-15

2,707

Total

26,210

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