The starter bell sounds for round two of the Academies Capital Maintenance Fund
The Department for Education aims to contribute £392m for the current financial year to the Academies Capital Maintenance Fund (ACMF). In April 2013, the majority of the annual ACMF funding was distributed in the initial round of applications, leaving a significantly smaller fund of approximately £25m available for the current allocation.
As a result of the limited funds available, Education Funding Agency guidance indicates that the first round emphasis on facilitating expansion for successful academies is likely to receive less weight in the upcoming round of applications. The second round remains focussed on ‘addressing poor building conditions’ and successful applications are anticipated to prioritise building needs within existing stock…
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