The following table shows, in relation to those academies with a signed funding agreement the
amount of sponsorship pledged together with the related confirmed capital contribution. Notes 1 and 3 to the table identify those academies where the sponsor contribution has not been paid in full because the total contribution is not yet due to be paid. Delayed building works that have slowed the rate of sponsor contributions are identified by note 4. Significant delays for any other reason, where the Department proposes to engage the trust with a view to bringing the confirmed capital contribution back on profile, are noted at 2.
The difference between the total amount of sponsorship pledged and the total confirmed capital contribution from sponsors, representing the amount due to be paid to Trusts over the remaining lifetime of building projects, is £64.415 million.
|Academy with signed funding agreement
|Total sponsorship pledged
|Total confirmed capital contribution from sponsor to end of August 2007
|(1) Amount paid up to end August 2007 in accordance with the agreed pattern of instalments.
(2) In discussion with trust with a view to agreeing payment later this year.
(3) None due to be paid up to end August 2007.
(4) Instalment plan to be revised pending re-schedule of building works.
(5) £2 million sponsorship to be invested in endowment fund as opposed to towards capital costs.
Mr. Laws: To ask the Secretary of State for Children, Schools and Families what his assessment is of the new sponsorship arrangements for academies, with particular reference to co-sponsorship by local authorities; and to what extent academies will remain independent under such arrangements. 
Jim Knight: Local authorities are increasingly becoming engaged in the strategic planning and co-sponsorship of academies in their localities within their wider school rebuilding and transformational strategies. The Government welcome this engagement.
All academies funding agreements require them to have at least one local authority representative on their governing body, and local authorities acting as co-sponsors will usually have two governors. In order to determine the ethos and leadership of the academy, and ensure clear responsibility and accountability, the private sector or charitable sponsor always appoints the majority of the governors. This is the case even when a local authority is acting as co-sponsor for wider purposes. All academies are run on an independent basis.
Mr. Hoban: To ask the Secretary of State for Children, Schools and Families pursuant to the answer of 16 July 2007, Official Report, column 91W, on Building Schools for the Future: private finance initiative, whether he plans to use PFI schemes for the procurement of academies. 
Jim Knight: The academies building programme is an integral part of the Building Schools for the Future (BSF) programme. BSF is the Governments 15-year programme to re-build or refurbish every secondary school in England, and comprises a mix of PFI schemes and conventional capital funding. PFI may be used for the procurement of academies where it is proven to provide value for money and clear benefits.