Guidance
NCR transactions in colleges and academy trusts
Guidance on what to consider and when to get approval for novel, contentious or repercussive transactions.
Applies to England
Documents
Details
This guidance is for:
- colleges
- academy trusts
- subsidiaries of colleges and academy trusts
Colleges include:
- further education corporations (FE colleges)
- sixth-form college corporations
- designated institutions, established or designated under section 28 of the Further and Higher Education Act 1992
It should be read by:
- college and academy trust principals, accounting officers, chief executives, and finance directors
- college governors
- academy trustees
- college and academy trust governance professionals (sometimes referred to 鈥檆lerks鈥� or 鈥榙irectors of governance鈥�)
College and academy trust auditors may find this guidance helpful in planning their work, particularly in connection with their regularity engagement.
You should submit any applications for approval using the:
- for colleges
- for academies
Updates to this page
Published 26 March 2025
Last updated 14 August 2025
show all updates
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Added a link to the new FE transaction approval request form for colleges.
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First published.