All academies approved for opening by the Secretary of State are charitable companies (the academy trusts) governed by their articles of association. They also enter into a contract – the funding agreement – with the Secretary of State.
The building capacity grant will help fund the post of a business manager, accountant or similar services for a period of up until March 2015.
The conversion support grant may be used only for:
- obtaining legal and financial advice in respect of the conversion process
- the costs of software licence transfers
- HR/TUPE advice
- Rebranding costs
- expenses incurred in setting up of the academy trust
Completed forms should be returned to the DfE contact/project lead. They should be paid within one month of the form(s) being submitted.