The
academy conversion model (initially common in schools in special measures, known as «
sponsor»
academies) is now chosen by many good / outstanding schools (known as «convertor»
academies) as it turns a school into an independent business (not for profit) that
receives funding directly from central government instead
of a local authority.
-LRB-...) Among the first two schools to express an interest in the Charter Institute at Erskine are S.C. Virtual Charter School and Cyber
Academy of South Carolina, a pair
of online schools that
received a warning this spring that their current
sponsor might revoke their charters due to years
of poor performance that lagged far behind state averages.