The DfE has approved revised versions of the Master Funding Agreement (MFA), Single Supplemental Funding Agreement (SSFA) and the Supplemental Funding Agreement (SFA) which means all academies opening on 1 April 2018 or later must use the new model agreements.
Each academy will need an SFA, which runs alongside the MFA and these agreements should be read in conjunction with each other.
The MFA is entered into between the Secretary of State for Education (SoS) and the Multi Academy Trust (MAT), and is the framework under which the MAT agrees to operate in return for funding. The MFA deals with issues such as, admissions, exclusions and reporting requirements.
The SFA is also entered into between the SoS and the MAT, and includes information specific to the particular school, such as its name, capacity and age range. It also deals with how the land will be held by the MAT.
Two essential changes have been identified. These include additional wording to the clause on teachers and staff, following the commencement of the Children and Social Work Act 2017; namely that the MAT must designate a staff member at the school responsible for promoting the educational success of a pupil who is being looked after by the local authority, and now covers pupils that are no longer looked after by the local authority. Secondly, a new land clause (version 8), to be used where the academy is taking a lease granted by the Department for Communities and Local Governments (DCLG). Where version 8 clauses apply, the new SFA must be used immediately.
There have also been some minor amendments to the Agreements to remove potential uncertainties in some clauses, and to ensure the Agreements reflect the most update terminology and legislation, including the old EFA to the new Education Skills and Funding Agency (ESFA).
These are just a brief summary of the main changes to the Funding Agreements; further information will be available from the DfE once the new versions are released at the end of the month.