ESFA launches land and buildings collection tool
On 2 October 2017, the Education and Skills Funding Agency (ESFA) launched its land and buildings collection tool (LBCT).
The tool has been introduced to assist the Department for Education (DfE) to create a land and building asset register and to enable it to value, account for and report fully on the assets relating to academy trust occupied land.
A return must be completed by each academy trust to provide land and buildings details for each academy school operated by that trust as of 31 August 2017.
Through various drop-down menus in the LBCT, Academy trusts can provide the DfE with confirmation of whether land is held on a freehold or leasehold basis, whether the land is held under a church supplemental agreement and any other land arrangements relating to the occupied land. School site plans and copies of occupancy evidence need to be uploaded through the LBCT hub (accessible through the log in screen).
The ESFA provide an Excel workbook, showing the information required under the LBCT, to help academy trusts prepare for completing the form. For church schools, it is also required that the academy's diocesan authority gives its approval to submitting the information by using a declaration in the Excel workbook and by signing of the LBCT diocese confirmation sheet.
The Excel workbook, as well as the ESFA's guide to completing the LBCT and diocese confirmation sheet, is available here.
The LBCT can be completed online through the gov.uk, IDAMS registration service. Academy trusts must be registered and set up to use the service before they can access the form.
The LBCT must be completed by academy trusts by 31 October 2017.
We have received a substantial number of calls from our clients to date with requests for information and assistance with completion of the required information, so early indications are that the LBCT is not the easiest to navigate.
For further information and assistance, please contact Lynne Follett-Carman, Associate in the Education team.