Research from the National College for School Leadership found that for converted academies the most common reason behind the decision to convert (given by 89 per cent of respondents) was the potential for access to increased funding (Academies: Research into the leadership of sponsored and converting academies, 2011).
It is clear from this that the funding and finances of a newly formed academy following conversion are at the forefront of the school leadership’s mind.
However, the autonomy afforded to academies can carry an increased burden and responsibility, making it no surprise that the same study also found that funding and financial resources were the biggest challenge facing academy leaders in their role.
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