It has been confirmed to me (reliably) that the Education Funding Agency has chosen to requisition the old Ashmount Site from Islington Council, which they have the power to do, without paying any compensation to the Council.
The site is to be transferred without charge to private ownership; the site will be given to Bellevue Education Limited. Bellevue Education Ltd is a commercial (for profit) company, which runs a chain of nine for profit fee paying schools here, and in Switzerland. (ref1) Bellevue made profits last year of £1.5m on a turnover of £3.7m, so its what I believe one would call "a nice little business". (ref2) Although if you want to rush out and buy some shares you cannot at the moment as they are not publically listed. Instead the investors are venture capitalists based in Switzerland using Russian money. Perhaps there will be a flotation at some point in the future. I am sure we will be all poised to add a bit of diversity to our share portfolios.
This decision will have some consequences for Ashmount, and indeed other schools in Islington.
- First the capital account for Islington schools is now short by 3 million pounds. This was the, rather conservative figure, that Islington had assumed would be available from selling the site, at a special low price, to a housing association. It might well have been more. Consequently all Islington schools will experience a further cut in capital allocations. This is, in accounting terms, a straightforward transfer of capital resources from all the community schools in Islington to Bellevue Education Ltd. Ashmount will be less affected than some of our colleagues in the short run as our building is new. So one would hope that for a few years at least our capital requirements will be low.
- From 2014 there will be an additional 58 places at reception in this area. All the indications from actual admissions figures this year is that certainly in 2014 there will be a significant surplus of places created in the immediate area. This could have the effect of intensifying competition between schools as there may not be enough school pupils to go around. The Free School website states that it will use the same admissions system and criteria as other islington Schools so the schools likely to notice this are, (In order of distance from the old Ashmount site) Hargrave Park, Highgate Primary, Coleridge School, and furthest away, Ashmount. (Incidentally going by the photographs on the school web site they appear to expect that all their children will be white...ref 3).
However it would be rash to jump to any conclusions about this as the Free School, at least in its first year may have significant difficulties in recruiting pupils. We know from the experience of other Free Schools that where they have been set up in areas where there are surplus school places that, untried as they are, parents are nervous of them. By definition they have no track record of any kind, no parental opinions, Ofsteds, or SATS. In this particular case there is also the issue of the building. We left it because it was terrible. We also left it because we knew that even spending millions of pounds one still ends up with a building which we thought not good enough for our children. We also know there were people in significant numbers who would not send their children to Ashmount because of the building. Our undersubscription only stopped when the move to the new building was fully confirmed. So it does seem to me, that even if they work out a way to clean the windows, that there is an issue here.
On the other hand Bellevue Education may be willing to invest some of their own resources in marketing; were they to choose to do so they could certainly outspend any community school. A reason why they might do so is related to the otherwise puzzling point as to why Bellevue Education are interested in getting involved in running a Free Primary School from which they are not allowed to make a profit. The obvious answer is that the Conservatives believe that state schools should be allowed to be owned and run by profit making companies, on a profit making basis. This is not allowed at present, because the Liberal Democrats do not agree,. However Mr Gove has promised a number of times that should the Conservatives be elected to Government in the next election, fixed for the summer of 2014, when the Free School will have been open for less than a year, the law will be changed to allow Free Schools to be run at a profit. Bellevue Education could well feel that the old Ashmount Site represents a useful speculation.
I would be interested in any comments, or further information, anyone might have.
ref1
blvue.com/
ref2
www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012&AspxAutoDetectCookieSupport=1
ref3
www.islingtonfreeprimary.co.uk/