WCAT school left without sponsor over £1 million-a-year PFI contract

A private finance initiative contract costing more than £1 million a year has stopped one of the last schools left from the collapsed Wakefield City Academies Trust from finding a new home.

Mexborough Academy is one of the last two of WCAT’s 21 schools left without a new sponsor since the trust’s collapse in September.

A hefty £1.6 million-a-year PFI deal was struck in 2009 between Doncaster council with Vinci, a French construction company, and it is set to run for another 16 years.

The school is currently paying £600,000 a year towards the contract and the council covers the rest.

Delta Academies Trust is the government’s preferred sponsor – but negotiations have dragged on for almost half a year as the trust tries to persuade the Department for Education to contribute to the annual PFI costs until the contract runs out, according to the school’s chair of governors.

Read on… https://schoolsweek.co.uk/wcat-school-left-without-sponsor-over-1-million-a-year-pfi-contract/

LucJ

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