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Guidance

PFI schools converting to academies

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Read our guide for schools converting to academy status for up-to-date information on the academy conversion process.

Information relating to private finance initiative (PFI) academies and their arrangements with local authorities.

Documents

Instructions from DfE on academies and private finance initiative arrangements

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Details

Additional documentation is needed when a school is part of a private finance initiative (PFI) construction scheme and converts to an academy, to protect all parties’ interests.

A named project lead at the department will guide PFI schools, sponsors and local authorities through the process and be the first point of contact for any questions. We will discuss the documentation and financial implications of a PFI school becoming an academy.

The PFI timeline shows the process in more detail and can be used to help agree a realistic opening date. It takes at least 6 months for a PFI school to open as an academy because of this extra complexity and documentation, and schools with a particularly unusual project agreement or land arrangements are likely to take longer.

Model documents for schools converting to PFI academies are also available online.