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To date, the partnership industry has been less than excited by the new opportunities on offer to replace those which were lost: amongst others, the cancelled Building Schools for the Future programme.
However, £1.75 billion of funding for schools under the Priority School Building Programme was recently announced. Added to this, detail on the much heralded, "son of PFI" was released as part of the Chancellor's autumn statement along with news of a number of specific projects. This is far from "Plan B" for the economy but the partnership industry will welcome any apparent new focus on capital projects as a way to stimulate the economy.
The legal approach is also encouraging. The most eye catching shift in emphasis is from pure risk share, to "reward share", with the public body effectively acting as co-investor. If this does indeed offer a genuine route to much needed investment in infrastructure, enterprising public bodies and contractors alike are likely to relish the prospect".
For some time the Academies Financial Handbook has restricted Academy Trusts in how much they could pay for goods or services purchased from a 'related party' i.e. a person or organisation closely linked to the Academy Trust.
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The DfE has agreed a recommendation made by the Parliamentary Public Accounts Committee that academy trusts should be forced to apply to the Education and Skills Funding Agency in order to approve ‘related-party transactions’.
One of the main headaches I face as a Business Manager is ensuring I set a balanced annual budget.
The new school year is here and September and October is certainly one of the busiest times of the year for School Business Managers.
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