GovWire

Guidance: Leasing for academy trusts

Department For Education

January 20
14:15 2025

class="gem-c-govspeak govuk-govspeak gem-c-govspeak--direction-ltr govuk-!-margin-bottom-0">

Many academy trusts take out leases to support day-to-day operation. This can be a sensible value-for-money approach as an alternative to buying assets outright.

IFRS 16 leases introduced changes to the leasing arrangements for maintained schools from 1 April 2024.

Since 1 September 2024, leasing arrangements for academy trusts provide the same flexibilities as maintained schools to enter into certain leases without prior Secretary of State for Education approval.

Changes to leasing agreements for academy trusts outlines the changes and provides a list of the type of assets granted prior consent.

Updates to this page

Published 28 March 2024
Last updated 20 January 2025 +show all updates
  1. Added 'Leasing guidance for academy trusts' and updated existing text to reflect that the IFRS 16 rules are now in effect.

  2. First published.

Sign up for emails or print this page

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: