§ Mr. BradyTo ask the Secretary of State for Education and Skills if he will list the academies which
Open academies £000 Recurrent Capital Development budget Development expenditure Operational budget 2002–03 Operational expenditure 2002–03 Capital budget Capital expenditure The Business Academy, Bexley 989 989 4,245 1,794 25,750 14,450 Unity Academy 604 604 4,769 2,307 18,590 0 Greig City Academy 957 957 4,823 2,046 11,000 2,892 464W
Academies in development £000 Recurrent Development budget Capital Development expenditure Capital budget Capital expenditure Barnet 900 443 120,300 430 Bradford 250 36 119,500 0 Brent 900 596 121,400 3,836 Bristol 900 250 20.213 390 Ealing 900 257 27,527 418 Hackney 900 118 20,498 961 Hillingdon (i) 900 430 19,000 285 Hillingdon (ii) 250 0 119,500 0 Kent 250 0 119,500 0 Lambeth 900 252 22,281 32 Leeds 250 25 119,500 0 Liverpool (i) 250 90 123,000 0 Liverpool (ii) 250 0 119,500 0 Manchester 900 99 10,620 4 Northampton 250 35 119,500 0 Nottingham 900 212 14,600 57 Sandwell 250 0 119,500 0 South Middlesbrough 900 491 19,200 5,253 Southwark (i) 900 196 127,125 53 Southwark (ii) 900 460 19,970 885 Walsall 900 476 15,500 5,737 1 Estimated figures, subject to change, and will be finalised only when the projects are in a position to sign a funding agreement with the Secretary of State. (a) have been established and (b) are proposed, giving the public expenditure which has been (i) incurred and (ii) budgeted in relation to start-up of each. [88893]
§ Mr. MilibandThree academies have been established so far in Bexley, Haringey and Middlesbrough. A further 21 academies have been proposed and are in various stages of development. The tables show the budgets and expenditure incurred for the current projects across the whole cycle of their development. For the three academies already open, the first table also shows their operating budget and expenditure incurred to date.
Academy projects receive modest funding to develop proposals to a point where the Secretary of State is satisfied that an academy is viable and a formal funding agreement can be signed. From this point, projects receive additional funding to implement their proposals and prepare for the opening of the academy. Once open, academies receive an annual operational budget to cover their day-to-day running costs, which is comparable to similar maintained schools within their local authority. Similarly, the level of capital funding is intended to ensure that academies are built and equipped to a standard comparable with the best in the maintained sector.