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.