TARGETED CAPITAL FUND
The Department for Children, Schools and Families has announced that there will be a TCF – Standards and Diversity fund totalling £327 million pounds available over the next three years (£63 million in 2008 – 09, £114 million in 2009 – 10 and £150 million in 2010 – 11). Its purpose is described as “To raise standards by supporting choice and diversity of provision” The following specific priorities for the use of the funding have been identified:
- Expansion of successful and popular schools
- Support new entrants to the maintained sector (both proposers of new Trust schools and voluntary aided and independent schools seeking to enter the sector)
- Fresh Start schools
- Surplus place removal
- Federations of schools and groups of schools working together under a single Trust to facilitate joint working
- Maintained boarding schools
- Non-maintained special schools
- The music and dance scheme
The funding will be allocated by application and the DCSF will issue detailed guidance on the bidding procedure in the near future.
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