With PSECU, the process was straightforward,
the staff at every step in the process were knowledgeable and helpful, and our rate is just what we were looking for.
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