Academy transfer market costs hit £30m as 300 more schools rebrokered this year

Costs for the academy transfer market have surpassed the £30 million mark as a record number of academies were rebrokered this year.

Figures released by the Department for Education today show that 307 academies moved to a new trust in 2018-19, equating 3.6 per cent of all open academies in England. This is an increase from 255 last year (3.3 per cent) and 196 in 2016-17 (3 per cent).