Capital Finance


Details of the arrangements for funding capital works in schools and academies will be announced at the beginning of 2018. Since 2016, NRCDES has been given a formula allocation from the 'Condition Improvement Fund' to spend across twelve academies and we anticipate a similar arrangement for 2018/19.   For the past two years, LCVAP and DFC allocations have been held at similar levels to previous years, allowing for changes to the number of schools becoming academies.  The Condition Improvement Fund has run only one bidding round with very strict criteria based almost entirely on health and safety or urgent condition issues.

Schools and academies considering making applications for funding capital projects in 2018/19 must contact Ken Daly to discuss their plans before they engage in any formal discussions with consultants or architects.  Proposals should be submitted via the attached Proposal Form.

Guidance on the planning and management of a capital project can be found elsewhere in this section of our website or is available from Ken Daly.

Schools and academies are reminded that no capital work can be undertaken without the consent of the Trustees.

Requests from Voluntary Aided Schools for details of DFC payments or up to date balance statements can be made directly to Jennifer Charleson on 01332 293833 x 204 or jennifer.charleson@nottingham-des.org.uk

Jennifer will also be the person to contact relating to payments from the Condition Improvement Formula Allocation.