Schools should consider trying to secure sell-on agreements with developers when flogging surplus land to fund vital rebuilds, new government guidance has said.
LocatED, the Department for Education’s property company, has today released a handbook to help local authorities and academy trusts “unlock potential” in their estates, amid “growing demand” for sales.
It comes as documents, seen by Schools Week, show dozens of sites reviewed by the government-backed firm for redevelopment were discounted for featuring protected land and flood zones, among other things.
Unions said “we’ve surely reached the bottom of the funding barrel when schools are being advised to sell off land in order to pay for capital projects”, after Schools Week revealed the guidance was to be published.
