The results of the evaluation can help your leadership team to refine each academy’s curriculum and make informed decisions, such as whether more teaching staff are needed. One of the key benefits of an ICFP evaluation is that it allows you to benchmark your academies [KD1] against others of a similar size, giving you a clearer idea of where your strengths and weaknesses lie.
Do we have to pay for the ICFP?
Not if you successfully applied for the MAT Development Improvement Fund, as your ICFP evaluation will then be funded by an additional grant.
Do we only need an ICFP evaluation if we applied for the MAT Development Improvement Fund?
While the ICFP is a requirement for funding, it’s also extremely valuable in its own right. It can also be carried out for single academies, as well as MATs. Academies minister Lord Agnew said of the ICFP, “It combines the planning of the curriculum with the planning of the budget as a joint exercise. When done well, it produces a curriculum that meets pupils’ needs and is affordable.”
Who carries out the ICFP evaluation?
The evaluation has to be carried out by an independent financial expert, who has the expertise to work through the necessary calculations and identify areas for improvement. That person also needs to be able to take an impartial view in order to deliver unbiased, accurate results. Griffin specialises in supporting academies and has several staff members trained to deliver ICFP evaluations. These are challenging times for schools; let us help.
Where can we find out more?
We’d be happy to talk to you about how an ICFP evaluation could benefit your academy, and answer any questions you may have. Please call us on 01404 41977 or email email@example.com.
You may also be interested in the Department for Education’s collection of School Resource Management tools, case studies and articles.