Between September and December every year, the Department for Education (DfE) procures:
valuations of the land and buildings of all new academies that opened between 1 September of the previous year and 31 August of the current year
revaluations of academy land and buildings that were last valued 5 years ago
DfE commissions valuers to carry out a desktop valuation exercise, which allow us to consolidate academies’ valuations into the financial statements within the Sector Annual Report and Accounts (SARA).
The land and buildings information form provides us with basic background data to support the desktop valuation.
New academies should complete and submit the online form within 6 weeks of opening.
Academies that fall into the 5-year revaluation exercise should complete and submit the online form when requested by DfE.
Academies that opened in the year between 1 September and 31 August, and those academies whose land and buildings have been revalued, can find copies of their valuations in the EFA document exchange in the following March.
The copy is for information only, and academies don’t need to do anything with it. The guide on this page provides information on how DfE prepares land and buildings valuations and on how they may be used.
Changed the month that land and buildings valuations are made available from January to March.
Updated to reflect date changes to the annual valuations cycle.
The Education Funding Agency has amended the guide for academies on completing land and buildings valuations with information about the 5-year revaluations and additional information on using the valuations.
Updated to provide a link and guidance for completing a new online form replacing the Excel template.
Updated cells in the spreadsheets with new information