Most of the sponsors who agreed to fund the prime minister's flagship academy programme have not paid the £2m they pledged, the Guardian has learned. Four academies that opened last September have received no cash at all, and 10 others have received some money but nowhere near the promised sum. Only four have received the full amount. In all, 23 of the 27 academies opened so far are still waiting to receive what was pledged.
Wednesday, May 03, 2006
School sponsors haven't paid up
Tony Blair has sold city academies to business sponsors on the basis that a £2m contribution will give them influence over the curriculum, admissions and staffing of a school that the state will spend £25m or more setting up. It now appears that existing sponsors have not even contributed this small fraction of the overall cost: