Academy and free school funding agreement: multi-academy master

Model funding agreement for schools or groups establishing a new multi-academy trust.


Academy and free school: master funding agreement

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The funding agreement provides the framework within which your academy or free school will operate.

This model funding agreement is for:

  • schools in the process of becoming an academy that will be part of a new multi-academy trust
  • groups opening a free school, studio school or university technical college (UTCs) that will be part of a new multi-academy trust

One of the schools in the multi-academy trust will need to use the master document on this page, and the rest should use a supplemental model funding agreement.

Alongside your funding agreement, you’ll also need to complete your memorandum and articles of association.

Read more guidance on converting to an academy and on opening a free school.

Published 6 June 2014
Last updated 20 June 2018 + show all updates
  1. Added new versions of the Word and ODS attachments to clarify funding agreement requirements.
  2. Updated documents to reflect recent legislative changes, the inclusion of a new land clause and to provide additional clarity on existing clauses.
  3. Updated all documents.
  4. Updated both model funding agreement documents.
  5. First published.