Seek an
early actuarial
valuation and agree a repayment term Step 3 — Setting up an Academy Trust and Funding Agreement • This is the stage at which all legal documents need to be agreed with the DfE • The Academy Trust has to be registered with Companies House • Transfer or leasing arrangements for school land needs to be finalised • Completion of TUPE process • Governors complete and close consultation process • Funding Agreement signed by Academy Trust and Secretary of State • Academy opening
date set Step 4 — Pre-opening • All CRB checks completed prior to transfer to academy status • Financial systems and contracts with staff and suppliers confirmed • Academy registrations with exam bodies confirmed • Insurances put in place